【$AVAX Signal】Pullback to Long! 1H Oversold Rebound, 4H Trendline Strong Support

$AVAX The 1H timeframe experienced a sharp drop near 9.32, followed by a volume surge indicating a potential bottoming signal. RSI(1H) reached 38.27, entering oversold territory, suggesting a strong short-term rebound demand. The 4H price retested the EMA50 (9.352), a key support level, and overall open interest remains stable without signs of panic selling. The current price is at a critical point in the bulls and bears battle, with deep buy orders below, making it an excellent position for a short-term rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 9.32 - 9.35 (Reason: 1H previous low support zone + 4H EMA50 dynamic support)

🛑Stop Loss: 9.18 (Reason: Break below recent 4H low of 9.319, structure broken)

🚀Target 1: 9.65 (Reason: Resistance from previous high on 1H and EMA20 pressure)

🚀Target 2: 9.85 (Reason: Resistance near previous high of 9.745 on 4H)

🛡️Trade Management:

- Position Size: Light (Reason: 1H timeframe only indicates a rebound, 4H trend not fully reversed)

- Execution Strategy: If the price rebounds to around 9.50, consider partial profit-taking and move the stop loss up to the entry point. If a strong breakout above 9.65 occurs, trail the remaining position’s stop loss up to 9.50 to aim for the second target.

Order Book Logic: The latest 1-hour candle shows significantly increased volume but no new lows in price, indicating potential exhaustion of the bears. Order book data shows buy orders (9.315-9.333) far exceed sell orders (9.334-9.353), with a depth imbalance of 5.67%, indicating strong support. Stable open interest suggests no major liquidation by large players, more likely a shakeout. Coupled with the oversold RSI on the 1H, a rebound is imminent.

Trade here 👇 $AVAX

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