🚦 AVAX/USDT Trading Signal 🚦

📌 Pair:$AVAX

📈 Direction:Bearish (Short-Term)

⏳ Timeframe: 15M - 4H

🎯 Targets: TP1: $19.50 | TP2: $19.00 (Key Support)

🛑 Stop-Loss: $20.50 (Above EMA7 & Recent Swing High)

📊 Key Levels:

- Resistance: $20.70 (EMA25), $21.88 (24H High)

-Support:$19.77 (24H Low), $19.00

📉 Technical Analysis:

- Price Action: Trading at $20.13, below all EMAs (7/25/99), indicating strong downtrend.

- RSI(6): 36.36(Oversold but no divergence yet).

- MACD: DIF/DEA negative but MACD histogram slightly green (weak momentum).

- Volume:Low vs. MA(5/10), suggesting lack of bullish interest.

💡 Strategy:

-Short on retest of $20.50 (EMA7/Resistance) with SL at $20.70.

- If breaks $19.77, target $19.00 (next liquidity zone).

- Watch for RSI reversal if price approaches $19.00 (potential bounce).

⚠️ Risk Management:

- Risk ≤2% of capital.

- Adjust position size if SL is wide.

🌐 Market Sentiment:

- Negative (Layer 1 sector under pressure, BTC dominance rising).

🔔 Updates: Monitor 4H close below $20.00 for confirmation.

Trade safe! DYOR. 🚨