【$AVAX Signal】Long | Breakout and retest confirmation, main force absorbing

After a deep decline on the daily chart, a clear breakout and retest structure has formed on the 4H chart. The price has stabilized above EMA20 and tested previous high resistance.

🎯 Direction: Long

🎯 Entry: 8.82 - 8.88

🛑 Stop Loss: 8.68 $AVAX Break below the previous 4H candle low and EMA20 support, logic invalidated (

🚀 Target 1: 9.25 ) Previous daily minor resistance level (

🚀 Target 2: 9.60 ) Fibonacci 0.382 retracement level and near EMA50 (

Market Analysis: Price rebounded from around 8.30 low, with four consecutive 4H bullish candles breaking through the downtrend line and EMA20 with increased volume. The latest candle is oscillating slightly near the previous high of 8.84, indicating a healthy retest.

Hardcore Logic: 1. Data Resonance: Funding rate is only 0.0036%, no overheating bubble; open interest remains stable, not a short squeeze; bid depth (Bids) in the 8.88-8.89 range is unusually thick, showing institutional support. 2. Price Action: After breakout, retest with decreased volume; sell orders (Asks) above 8.90 are sparse, making breakout resistance easy to overcome. RSI (50.7) is in a healthy neutral zone with room to rise. 3. Market Psychology: After continuous oversold conditions on the daily chart, sustained buying absorption has appeared for the first time, indicating shorts are exhausted. The current retest is a standard healthy reset after a breakout, aimed at clearing floating positions.

Trade here 👇 )
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