$AVAX Trade Idea (4H Chart):

▶️ Entry Zone: 27.256 - 27.840

🛑 Stop Loss: 26.800 (Below recent support)

🎯 Take Profit 1: 29.414 (24h High)

🎯 Take Profit 2: 30.403 (Recent resistance)

Analysis:

🔹 Price below all EMAs (7, 25, 99), indicating strong downtrend

🔹 Sharp decline from recent high of 32.999 to current price of 27.425

🔹 RSI(14) at 37.286, approaching oversold conditions

🔹 MACD negative and below signal line, showing bearish momentum

🔹 24h loss of 5.73%, indicating significant selling pressure

Rationale: Looking for a potential bounce from oversold conditions. Entry near support with multiple targets to secure profits if reversal occurs.

⚠️ Caution:

- Strong downtrend in place, counter-trend trade carries higher risk

- High 24h trading volume (8.16M AVAX) indicates increased volatility

- Consider waiting for confirmation of trend reversal before entering

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