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📈 Currently Watching AVAX – Short Position Set at Resistance

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28-07-2025 - 09:23:42
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Hey fellow traders, just wanted to share my current setup.

I’ve been tracking AVAX/USDT pretty closely this week. Price just rejected the $29.50 resistance zone for the third time on the 4H chart, clear sign of exhaustion. I entered a short position at $29.30, targeting the $26.80 support area. 

 

Here's what some of my setup is, hope this helps!

🔹 Trade Setup:

Position: Short

Entry: $29.30

Target: $26.80

Stop Loss: $30.20 (just above the recent wick)

Leverage: 10x

Margin Mode: Isolated

Risk/Reward: ~1:2.5

🧠 Reasoning:

Triple top forming on the 4H

Bearish divergence on RSI

Funding rate has turned slightly positive — good for shorting

BTC dominance rising, altcoins under pressure

🛡️ Risk Management:
Kept my margin small, around 3% of my total capital. If AVAX pushes through $30, I’ll accept the loss and wait for a clearer re-entry.

📊 Other Coins on Radar:

SOL/USDT: Watching for a pullback to $82 before longing

DOGE/USDT: Possible scalp opportunity if it breaks $0.1280 resistance

What are you guys trading today? Would love to hear your setups or thoughts on AVAX’s next move.

 

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