Just entered an AVAX position at market price. The 1-hour structure has flipped bullish, with price sweeping the previous low and showing strong reversal candle patterns. The 5-minute multi-timeframe setup aligns with this move. However, this is a risky trade worth noting—on the daily timeframe, AVAX is still sitting at a bearish point of interest. The confluence of bullish momentum on lower timeframes against bearish daily pressure creates an interesting but precarious setup. Tight risk management required here.
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PositionPhobia
· 01-08 00:08
This rebound at the low point really can't be sustained. The daily chart is still in the overbought zone, and you're willing to be so aggressive?
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pumpamentalist
· 01-08 00:04
Still daring to go up despite such strong daily resistance, quite bold. But at lower levels, it does have some interesting aspects.
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DeFiChef
· 01-08 00:00
Lower levels are bullish while higher levels are bearish. I'm very familiar with this kind of squeeze. To put it simply, it's betting on a rebound. Still, I need to keep my hands tighter.
Just entered an AVAX position at market price. The 1-hour structure has flipped bullish, with price sweeping the previous low and showing strong reversal candle patterns. The 5-minute multi-timeframe setup aligns with this move. However, this is a risky trade worth noting—on the daily timeframe, AVAX is still sitting at a bearish point of interest. The confluence of bullish momentum on lower timeframes against bearish daily pressure creates an interesting but precarious setup. Tight risk management required here.