#AVAXUSDT - Extreme Overbought, Bearish Reversal Imminent! 🚨
Critical BEARISH Signals:
1. Stochastic RSI (97.18) & MA (97.74):
- Maximum overbought (>95 = extreme reversal risk).
2. Williams %R (-23.07):
- In overbought territory (-20 threshold), signaling exhaustion.
3. OBV (-144M):
- Massive distribution despite +4.33% price surge (smart money exiting).
4. Volume Divergence:
- Current vol (205K) far below MA(5) (1.22M) & MA(10) (1.37M) = weak conviction.
5. Bollinger Bands:
- Price (21.33) pressing upper band (21.46) – rejection expected.
6. Long/Short Skew:
- 72% long accounts (LS Ratio 2.59) = crowded trade ripe for liquidation.
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Trade Strategy:
- 🔥 Short Entry: 21.45-21.60 (Bollinger upper band + 24h high resistance).
- 🎯 Take Profit:
- TP1: 20.40 (24h low, +2% profit)
- TP2: 19.80 (Bollinger lower band 20.18 + psychological support).
- ❌ Stop Loss: 21.75 (above 24h high 21.69).
- 📊 Position Size: Risk ≤1.5% (high volatility).
Surety Rate: 8/10 (Strong technical confluence + overleveraged longs).
Why This Works:
- Price surge on negative OBV = textbook bearish divergence.
- Extreme overbought StochRSI + weak volume = unsustainable pump.
- High long concentration fuels a swift squeeze toward 20.40-19.80.
#AVAX #ShortSqueeze #CryptoAlert #Altcoin
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⚠️ Risk Note: Monitor Bitcoin volatility! Exit early if AVAX breaks 21.70 with volume.
👉 ACTION: Set limit shorts at 21.45, scale in at 21.60. Trail stop to entry at 20.80!