【$AVAX Signal】Bearish continuation, 1H Bollinger lower band break + RSI oversold zone dulling

$AVAX 1H Bollinger lower band 7.004 breached, price at 7.106 stuck below the lower band, volume shrinking but selling pressure persists. 4H MACD green bars expanding, bearish momentum not yet exhausted. RSI_14 only 18.57, no rebound will to emerge in oversold area, this weak consolidation usually accumulates for the next wave of decline. Market depth -5.01%, thin buy support, rebound strength questionable.
🎯Direction: Short
⚡Entry/Order: 7.08468 - 7.10600
🛑Stop loss: 7.17706
🚀Target 1: 6.99941
🚀Target 2: 6.94611
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect capital.
1H candlesticks continuously close bearish, rebound highs gradually decreasing, only reaching 7.317 before being suppressed. 4H bearish alignment is clear, EMA20/50 both applying pressure. Short-term rebound space is limited, using the continued weakness of the rebound to further decline is a rational approach.
Check real-time market 👇 $AVAX
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