🚨 #AVAXUSDT Bearish Breakdown Imminent - Short Opportunity
📊 Technical Breakdown:
1. Bearish Momentum Confirmed:
- Trading BELOW key Bollinger Middle Band (20.633) → Downtrend acceleration
- Death Cross: MACD (0.076) fading despite negative DIF/DEA → Weak rebound attempts
- RSI(6): 42.75 (Bearish zone but not oversold) → Room for further downside
2. Alarming Volume & OI Signals:
- Negative OBV (-8.47M) → Heavy distribution by smart money
- Volume -68% below MA(5) → No conviction in bounces
- 79.85% long accounts → Liquidation fuel below 20.20
3. Critical Price Structure:
- Failed retest of 24H high (20.996) → Lower high confirmed
- Basis Rate -0.04% → Funding favors shorts
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### 🎯 Trading Plan:
Direction:-SHORT
Entry Zone:-20.45 - 20.48
Stop Loss:- 20.72
20.20 (24H low) TP2: 19.97 (Bollinger DN)
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### ⚙️ Key Levels:
- Resistance: 20.63 (Middle BB) > 20.99 (24H High)
- Support: 20.20 > 19.97 (Lower BB - Primary Target)
### 📉 Why Bearish?
- Price rejected at critical resistance (20.63) with weak volume
- STOCHRSI (75.6) cooling from overbought territory → Downside momentum building
- Retail over-leveraged long (79.85% accounts) → Perfect squeeze setup
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### ⚠️ Risk Alert:
> "Invalidate above 20.72 (Daily middle BB + liquidity pool). Close 50% at TP1, trail stop to entry for TP2. Meme-like volatility demands ≤1.5% position size."
#AVAX #Bearish #ShortSqueeze #CryptoAlerts
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