Trade Idea: AVAX SHORT

Opened 2026-04-07 15:11:05 · Valid until 2026-04-08 15:11:05 · Closed 2026-04-07 22:36:02

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT PENDING RR 1.70 Conf 75% Scalp hours

Entry

8.56000000

Stop

8.85000000

Targets

8.15000000 / 7.90000000 / 7.70000000

Live price

9.80000000

Live ROI

-14.49% vs entry

Idea ID

#10229

Now Entry Stop TP

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Thesis and checks

AVAX is showing strong bearish momentum across multiple timeframes, signaling a high-probability scalp opportunity on the short side.

5m chart: Price is below the 20 EMA with increasing volume on red candles, indicating short-term selling pressure.
15m chart: Bearish engulfing candle formed near resistance at $8.60, confirming rejection and continuation of downtrend.
1h chart: Price broke below a key support zone around $8.70, now acting as resistance, supporting further downside.
Risk-reward ratio is above 1.6 with tight stop loss above recent resistance, maximizing reward potential within hours.

Trade ideas are educational. Manage risk and position size.