【$AVAX Signal】Pullback to Long! 1H strong rebound, 4H correction continuation or potential reversal
$AVAX The 1H timeframe experienced a sharp decline in the early session, forming strong support around 8.50 and showing a V-shaped rebound. It has now broken above the 1H EMA20 (8.665). Although the 4H remains in a downtrend, the latest candlestick shows a long lower shadow, indicating strong buying pressure below and signs of stabilization. Open interest (OI) remains stable, and the price decline has not triggered large-scale liquidations, possibly a shakeout rather than main force distribution.
🎯Direction: Long (Long)
🎯Entry/Order: 8.68 - 8.72 (Reason: Rebound to 1H EMA20 support zone, also the neckline of the V-shaped rebound )
🛑Stop Loss: 8.48 (Reason: Break below previous low and V-shaped rebound start point, structure damaged )
🚀Target 1: 8.95 (Reason: Resistance at the previous small platform on the 4H chart and EMA20 pressure )
🚀Target 2: 9.15 (Reason: Upper boundary of the 4H downtrend channel and previous dense trading zone )
🛡️Trade Management:
- Position suggestion: Light position (Reason: 4H trend has not fully reversed, belongs to a left-side game )
- Execution strategy: After entering, if the price quickly rises to Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price. If the price consolidates in the entry zone for more than 4 one-hour candles without breaking higher, consider exiting early.
Deep logic: Market depth shows buying pressure is still decent, with large orders above the Level 1 sell price (8.699) exerting resistance, requiring volume breakout. The 1H RSI (48.89) has rebounded from oversold territory to neutral, leaving room for further upside. The key is whether the price can hold above 8.72 and increase volume, which will confirm the continuation of the 1H rebound. Market logic suggests a price decline, but with stable OI and a strong 1H rebound, it appears more like a main force accumulation after a long squeeze.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$AVAX Signal】Pullback to Long! 1H strong rebound, 4H correction continuation or potential reversal
$AVAX The 1H timeframe experienced a sharp decline in the early session, forming strong support around 8.50 and showing a V-shaped rebound. It has now broken above the 1H EMA20 (8.665). Although the 4H remains in a downtrend, the latest candlestick shows a long lower shadow, indicating strong buying pressure below and signs of stabilization. Open interest (OI) remains stable, and the price decline has not triggered large-scale liquidations, possibly a shakeout rather than main force distribution.
🎯Direction: Long (Long)
🎯Entry/Order: 8.68 - 8.72 (Reason: Rebound to 1H EMA20 support zone, also the neckline of the V-shaped rebound )
🛑Stop Loss: 8.48 (Reason: Break below previous low and V-shaped rebound start point, structure damaged )
🚀Target 1: 8.95 (Reason: Resistance at the previous small platform on the 4H chart and EMA20 pressure )
🚀Target 2: 9.15 (Reason: Upper boundary of the 4H downtrend channel and previous dense trading zone )
🛡️Trade Management:
- Position suggestion: Light position (Reason: 4H trend has not fully reversed, belongs to a left-side game )
- Execution strategy: After entering, if the price quickly rises to Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price. If the price consolidates in the entry zone for more than 4 one-hour candles without breaking higher, consider exiting early.
Deep logic: Market depth shows buying pressure is still decent, with large orders above the Level 1 sell price (8.699) exerting resistance, requiring volume breakout. The 1H RSI (48.89) has rebounded from oversold territory to neutral, leaving room for further upside. The key is whether the price can hold above 8.72 and increase volume, which will confirm the continuation of the 1H rebound. Market logic suggests a price decline, but with stable OI and a strong 1H rebound, it appears more like a main force accumulation after a long squeeze.
Check real-time quotes 👇 $AVAX
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL