š„#AVAXUSDT PERP: BEARISH BREAKDOWN ACCELERATING! š„
Critical Red Flags:
ā Oversold Trap: RSI(6) at 21.8 + Williams %R -91.8 (EXTREME oversold)
ā Liquidation Tsunami: 83% of accounts are LONG - prime squeeze fuel!
ā Distribution Mode: OBV shows -8.15M USDC outflow (smart money exiting)
ā Key Support Broken: Crashed through Bollinger Lower Band ($21.06)
The Breakdown:
- Price nuked -7.8% in 24H to test $20.70 (critical 24H low).
- MACD histogram -0.229 - bear momentum ACCELERATING.
- Futures trading at DISCOUNT (Basis -0.04%) - no bullish conviction.
Trade Strategy:
ā ļø LONGS: DANGER ZONE (Avoid until recovery above $21.50)
ā” SHORTS: Ride momentum to $20.00 psychological target.
š Stop: Tight $21.50 (Middle Bollinger Band resistance)
TECHNICALS SCREAM BEAR CONTROL.
> š” Pro Tip: Watch STOCHRSI cross above 20 for short-term relief bounce entries!
