$AVAX Signal】Bear pressure, lower band about to break


$AVAX 4H MACD green bars continue to expand, bearish momentum not exhausted. 1H RSI drops to 36.6, three consecutive failed attempts to rebound above EMA20. Buying depth is 1.06 but sell orders are actively eating up orders, the order thickness at 6.625 drops sharply, weak support below. Personally, I think the current risk-reward ratio is average, but the structure favors further decline.
🎯Direction: short
⚡Entry/Order: 6.60513 - 6.62500
🛑Stop loss: 6.69125
🚀Target 1: 6.52562
🚀Target 2: 6.47594
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
The 4H lower Bollinger band at 6.6288 has been tested repeatedly during the session, sell orders are stacked around 6.65, limiting rebound space. Negative funding rates did not trigger short squeeze, indicating weak bullish sentiment.
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AVAX-2.36%
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