🚀$AVAX /USDT Bullish Momentum Pullback Trade Idea🤔🔐👇
Current Price: $22.25
Trend Bias: Short-Term Bullish (retracement phase active)
🔍 4H Chart Observations:📊
Strong Bullish Breakout Candle recently closed above the $21.29 EMA support.
$AVAX Price surged from $20.5 region to a high near $22.6, now showing a slight red candle — indicating possible pullback or profit booking.
All EMAs (20/50/100/200) are aligned bullishly with price trading above them.
RSI at 64.99, slightly cooling from near-overbought territory — healthy for continuation.
🕐 1H Chart Observations:📊
Strong momentum leg upward, now forming a mild red candle, suggesting resistance at $22.5–$22.6 zone.
RSI still bullish at 62.95, sloping down — early sign of pullback/consolidation.
Price still well above 21.57 EMA (local dynamic support).
🎯 Trade Setup (Bullish Pullback Strategy):🔥
Entry Zone:
Wait for pullback entry near:
🔹 $21.60 – $21.80 zone (1H 20EMA & previous breakout area)✅
Stop Loss:☣️
Below 1H 50 EMA / invalidation level at:
🔻 $21.20
Targets:
🎯 Target 1: $22.60 (recent high)
🎯 Target 2: $23.25 – $23.50 (next psychological + technical zone)
🎯 Target 3: $24.00 (extension target if breakout sustains)
🧠 Watch for RSI bounce near 50–55 zone on 1H — if RSI reverses from there, entry confirmation strengthens.
If BTC remains stable or bullish, this pullback is likely to be short-lived.
Volume confirmation and a green engulfing on 1H would be an ideal entry trigger.
🧘♂️ "A disciplined entry is powerful — but a patient entry is profitable."
🎈 This is not financial advice. Please DYOR before trading. Use risk management.