【$AVAX Signal】Pullback to Long! 1H retracement to EMA20, negative funding rate + stable OI, signs of main force supporting the market

$AVAX The 1H timeframe is oscillating narrowly around the critical EMA20 moving average (8.9986). After falling from the high of 9.12, it found initial support near 8.92. The 4H timeframe shows a triangle convergence at the end, indicating a potential reversal. The key point is: the price is declining but open interest (OI) remains stable, and the funding rate is negative (-0.0124%), which is not a sign of main force distribution but more like long leverage liquidation, preparing for the next rally. Market depth shows a large accumulation of sell orders (8.944). Once broken, a short squeeze could be triggered.

🎯Direction: Long (Long)

⚡Entry/Order: 8.880 - 8.920

🛑Stop Loss: 8.780

🚀Target 1: 9.180

🚀Target 2: 9.350

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price (8.920). Use a trailing stop for the remaining position to aim for Target 2. If the price retraces and breaks below the trailing stop, exit all positions.

Depth Logic: Currently, the 1H RSI (42.36) is in a neutral to slightly weak zone, not oversold, but combined with the negative funding rate and stable OI, indicating potential energy for a short squeeze. The EMA50 on the 4H chart (8.9984) and EMA20 on the 1H chart (8.9986) are nearly coincident, forming a strong resonance support. The order book imbalance is -4.70%, with selling pressure concentrated at a single price level. Once absorbed by buying, upward resistance will significantly weaken. It is recommended to position near the optimized entry zone (8.833 - 8.922) along the lower boundary for a favorable risk-reward ratio.

View real-time quotes 👇 $AVAX

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