【$AVAX Signal】Pullback to go long, confirm on the right side

$AVAX 1H level shows a slight pullback with decreasing volume, testing EMA20, price fluctuates narrowly between 8.78-8.80, buy orders are dense below around 8.78. The 4H MACD bearish momentum continues to shrink, the lower band of Bollinger Bands at 8.44 provides strong support, current price is between the middle and lower bands, with limited downside space.

🎯Direction: Long

⚡Entry/Order: 8.782 - 8.795

🛑Stop Loss: 8.745

🚀Target 1: 8.95

🚀Target 2: 9.15

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, move the remaining stop loss up to the entry price. If the price cannot hold above 8.82, consider exiting early.

Order book shows buy orders far exceeding sell orders, indicating clear capital support. The 1-hour RSI rebounds from oversold area to around 45, momentum is healthy. Open interest remains stable with no signs of panic outflows. Combined with negative funding rates, short squeeze conditions are brewing. The risk-reward ratio at this position exceeds 4:1, making it a good setup for a position.

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