🔴 SHORT $AVAX
AVAX
8.89
-0.55%
AVAXUSDT
Perp
9.176
-0.53%
Entry: $9.18 - $9.20
SL: $9.45
TP1: $9.05
TP2: $8.90
TP3: $8.70
Price is struggling to hold above both EMAs, with EMA(20) at $9.19 acting as weak support and EMA(50) at $9.23 as resistance. The structure shows lower highs forming after the rejection from the 24h high ($9.31). Order flow is nearly balanced but leaning bearish at 50.60% asks.
Invalidation is a daily close back above the recent high at $9.45, which would signal genuine momentum.
Are you shorting this rejection or waiting for a clean breakdown?