$AVAX Looks Oversold, But Not Broken
The chart isn't pretty, but that's usually when the best risk/reward starts showing up.
Entry: $5.80โ$6.00
SL: $5.40
๐ฏ TP1: $6.50
๐ฏ TP2: $7.55
๐ฏ TP3: $8.60
AVAX is sitting right in a major support zone around $5.68. If this level holds, a relief bounce toward the mid-$6s looks very reasonable.
I'm not calling a trend reversal yet, but this feels more like an accumulation area than a place to panic sell.
Sometimes the cleanest setups appear when sentiment is at its worst. ๐๐
#AVAX
The chart isn't pretty, but that's usually when the best risk/reward starts showing up.
Entry: $5.80โ$6.00
SL: $5.40
๐ฏ TP1: $6.50
๐ฏ TP2: $7.55
๐ฏ TP3: $8.60
AVAX is sitting right in a major support zone around $5.68. If this level holds, a relief bounce toward the mid-$6s looks very reasonable.
I'm not calling a trend reversal yet, but this feels more like an accumulation area than a place to panic sell.
Sometimes the cleanest setups appear when sentiment is at its worst. ๐๐
#AVAX