【$AVAX Signal】Bear pressure, short-term rebound is a signal to short

$AVAX The 1H timeframe continues to operate in the lower half of the Bollinger Bands, with the price firmly held down by the EMA20. The 4H MACD histogram is still expanding downward, indicating that bearish momentum has not yet exhausted. The order book has accumulated over 180k buy orders at 9.01-9.011, but selling pressure above is even heavier, with buy depth imbalance reaching 61.55%. Bulls are trying to support the price, but the effect is limited.

The price can enter a short position if it rebounds below 9.20; the 9.03-9.20 range near the current price is a good entry zone.

🛑Stop-loss is uniformly placed above 9.29.

🚀The first target is to return to 9.03.

🚀The second target is aimed at 8.94.

🛡️Trading management:
- Execution strategy: After reaching the first target, halve the position; move the remaining stop-loss to the break-even point. If the price directly breaks above the upper boundary of the entry zone, exit unconditionally.

Funding rates have turned negative, but open interest remains stable. This is not a healthy short squeeze structure; it looks more like passive defense by the bulls. The 1-hour RSI repeatedly tests the oversold zone, with very weak rebounds. Each small rally is quickly pushed back down. In this market, with a risk-reward ratio over 2:1, it’s worth using a small stop-loss to bet on the continuation of the bearish trend.

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