【$AVAX Signal】Pullback to Long: 4H Strong Support Zone + Negative Funding Rate Short Squeeze Play

$AVAX The 1H timeframe is stabilizing above the key support zone (8.42-8.48), and the 4H timeframe has already touched the EMA50 strong support. The price is declining but open interest remains stable. Combined with the negative funding rate, there is potential for main force to defend the price and for a short squeeze.

🎯Direction: Long (Long)

⚡Entry/Order: 8.48 - 8.52

🛑Stop Loss: 8.38

🚀Target 1: 8.78

🚀Target 2: 8.95

🛡️Trade Management:

- Execution Strategy: When the price reaches 8.78, reduce position by 50% and move the stop loss to the entry price of 8.52. Hold the remaining position for the second target. If the price retraces into the entry zone and breaks below, exit unconditionally.

Depth Logic: The 4H candlestick around 8.48 shows a long lower shadow, indicating buying support. Open interest remains stable rather than decreasing, ruling out the possibility of main force unloading in a single direction. The current negative funding rate (-0.0088%) diverges from the price decline, which could trigger a short covering rebound. The order book depth shows concentrated buy orders in the 8.50-8.52 range, forming the first line of defense intraday. The 1H RSI is at 36.8, on the verge of oversold, with rebound momentum building.

View real-time market 👇 $AVAX

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