【$AVAX Signal】1H timeframe building momentum, targeting EMA20 support rebound

$AVAX The 1H timeframe is oscillating narrowly above EMA20 (8.836), with prices compressed within a very tight range of 8.85-8.87. This is a typical pre-breakout accumulation pattern. The 4H timeframe has stabilized above EMA20 (8.832), but is facing resistance from EMA50 (9.091), indicating a generally sideways to bullish trend. Currently, the 1H RSI (53.96) is neutral to slightly bullish, and market depth shows significantly more buy orders than sell orders (depth imbalance of 11.6%), indicating strong support below and a clear intention from the main players to defend the price. Open interest remains stable, and prices are slightly rising, which is a healthy accumulation signal. We await a volume spike to break the deadlock with a strong candle.

🎯Direction: Long (Long)

🎯Entry/Order: 8.85 - 8.86 (Reason: 1H EMA20 dynamic support zone, also the lower boundary of the current consolidation range )

🛑Stop Loss: 8.79 (Reason: Break below the previous 1H candle low of 8.825 and ATR (0.189) lower band )

🚀Target 1: 8.95 (Reason: Previous high resistance on 4H timeframe and intraday high point )

🚀Target 2: 9.05 - 9.10 (Reason: 4H EMA50 strong resistance zone and 1.618 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Light position (Reason: 4H trend is not fully clear, suitable for short-term trading on 1H timeframe )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry price 8.86. If the price strongly breaks above 8.95, move the stop loss up to 8.90 to aim for Target 2.

Deep logic: Market signals indicate an upward move, combined with stable open interest, suggesting that main players are entering rather than short sellers stepping in. The buy/sell ratio on the 1H candle is as high as 0.59 during the recent bullish candle, showing active buying pressure. The current price is close to dense buy orders at 8.85-8.86, offering an excellent risk-reward ratio. The key is to wait for the price to break out of the current consolidation and volume to increase.

Trade here 👇 $AVAX

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