$AVAX Idea (4H Chart)

▶️ Entry Zone: 18.678 - 20.590

🛑 Stop Loss: 17.902 (Recent low)

🎯 Take Profit 1: 22.924 (EMA(25))

🎯 Take Profit 2: 25.877 (EMA(99))

Analysis:

* Price is significantly below all EMAs (7, 25, 99), indicating a strong bearish trend.

* Recent price action shows a sharp decline with a potential bottoming formation.

* RSI(14) at 14.936 is extremely oversold, suggesting a possible rebound.

* MACD is negative and below the signal line, but the gap is narrowing, hinting at potential bullish divergence.

* 24h price change of -18.19% indicates extreme selling pressure.

The current setup suggests an extremely oversold condition after a sharp decline. While the overall trend remains bearish, there's potential for a short-term bounce or relief rally from these oversold levels.

Caution:

* The broader trend is strongly bearish, so this is a high-risk counter-trend trade.

* Use tight stop-loss orders to manage risk in this volatile market.

* Consider smaller position sizes due to the extreme nature of this trade.

#AVAXUSDT #Avalanche #TradingStrategy #TechnicalAnalysis #BuyOrder