$AVAX Signal】Open short position, resistance level game for continued bears


$AVAX Funding rate -0.0085%, bears crowding but price holding firm around 9.10. 1H Bollinger Bands converging at 9.064-9.138, 4H MACD histogram turning positive but volume shrinking, order book buy depth at 1.59 support remains firm. A short-term rebound to 9.294 resistance zone is a reasonable trading point.

🎯Direction: Short

⚡Entry/Order: Place a short order around 9.294, watch liquidity

🛑Stop loss: 9.369

🚀Target 1: 9.146

🚀Target 2: 9.071

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, move stop loss near entry price to protect profits. Hold remaining position until Target 2; if price rebounds and breaks above entry, close all.

Depth logic: 4H open interest stable, bears' funding rate negative but not extreme, rebound forms a pressure zone between EMA20 (9.163) and upper band 9.294, RSI on 1H is only 48, not overbought, waiting for selling pressure to activate. Personally believe a 2:1 risk-reward ratio is worth trying, but strict stop loss is necessary.

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