🚨Bearish Alert:#AVAXUSDT Short Opportunity!🚨
#### 📉 Why BEARISH?
1. Overbought Momentum:
- STOCHRSI at 87.959 (extreme overbought), signaling exhaustion.
- MA-STOCHRSI at 82.399 confirms weakening upward momentum.
2. Selling Pressure:
- OBV (-8.37M) shows aggressive distribution (sellers dominating).
- Negative funding rate (-0.07%): Shorts pay longs, indicating bearish sentiment.
3. Liquidation Risk:
- 80% of accounts are LONG (L/S Ratio: 4.00). Crowded longs → risk of squeeze if price drops.
4. Technical Resistance:
- Price rejected at 24h High: 21.124, now trading below Middle Bollinger Band (21.101).
- MACD histogram barely positive (0.057), hinting at reversal.
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#### 🎯 Trade Setup
- Entry: 20.85 - 20.90 (Current price zone for short entry).
- Stop Loss: 21.16 (Above 24h High + Middle BB).
- Targets:
- TP1: 20.40 (Near 24h Low, 2:1 R/R).
- TP2: 19.54 (Lower Bollinger Band).
- Exit if:
- MACD flips negative OR STOCHRSI crosses below 80.
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### ⚠️ Key Risks
- Bullish breakout if price holds above Middle BB (21.101).
- RSI(6) neutral (52.37) – no extreme bearish confirmation.
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TL;DR: Short AVAXUSDC at 20.85-20.90; stop at 21.16; target 20.40 & 19.54. High bearish conviction due to overbought signals, negative OBV, and crowded longs!
🔥 Act fast – price is priming for a drop! 🔥
