【$AVAX Signal】4H Oversold Zone Rebound Faces Resistance, Short Position Betting on Second Bottom

$AVAX 4H RSI drops to 22.15, deep imbalance -7.37% selling pressure dominates. 1H MACD forms a bullish crossover but price has not broken the 6.756 resistance, bullish momentum is insufficient. Funding rate is -0.0035%, relatively low, indicating short sellers still have an advantage in cost.
🎯Direction: short
⚡Entry/Order: 6.66794 - 6.68800
🛑Stop Loss: 6.75488
🚀Target 1: 6.58768
🚀Target 2: 6.53752
🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
The 4H lower Bollinger Band at 6.2821 has not been touched; current rebound near the middle band encounters selling resistance. Objectively, the risk-reward ratio of 1.5 is acceptable, but oversold short positions should be cautious of short covering.
Check real-time market 👇 $AVAX
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