😻$AVAX /USDT Chart Update – Short-Term Bounce or Trap🤔👇

🔹 Current Price: $16.51

🔹 1H Trend: Temporary recovery seen after a bottoming wick, but price facing EMA20 rejection.

🔹 4H Trend: Still in a strong downtrend, trying to recover from $15.61 low.

📊 1H Chart Insights:

$AVAX Price reclaimed above 20 EMA ($16.44), but facing resistance near $16.87 (50 EMA zone).

RSI hovering around 49 – indecisive momentum.

MACD shows mild bullish crossover, but volume support is weak.

📊 4H Chart Insights:

Reversal candle formed at the bottom; however, price is still trading below both EMA 20 & 50.

$17.08 and $18.16 are key resistance levels on 4H to flip trend.

RSI (35.58) suggests oversold bounce; momentum not yet confirmed bullish.

MACD lines still below zero – recovery still in early phase.

🔻 Bearish Bias until

Price closes above $17.10 with strong volume confirmation.

RSI breaks above 50 and MACD crossover sustains.

📈 Trade Strategy (Short-Term Bullish Scalp):

Entry: $16.30–$16.50 range

Target 1: $16.85

Target 2: $17.05

Stop-Loss: Below $15.90

Duration: 6–12 hours intraday

⚠️ If rejected at EMA50 zones ($16.85–$17.10), expect another pullback toward $15.80.

🧠 “Avoid falling in love with dead cat bounces. Let price action prove its strength before going full risk.”

📛 This is not financial advice. Do your own research before trading.

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