$AVAX Signal: 1H breakout into overbought zone, waiting for a pullback to go long

1H RSI 70.02, MACD histogram 0.0171 continues to expand. 4H Bollinger Bands opening upward, price has broken above the upper band at 9.479. Deep sell orders are heavy, Bid/Ask ratio 0.59, but 4H MACD golden cross confirms bullish trend. Current price 9.487 is above the suggested range, direct chasing longs offers poor risk-reward.
🎯Direction: Long (place order on pullback)
⚡Entry/Order: 9.408 - 9.440
🛑Stop Loss: 9.326
🚀Target 1: 9.574
🚀Target 2: 9.656
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
Order book shows insufficient buy pressure but 4H momentum is upward, a pullback near EMA20 (9.389) offers better risk-reward. Funding rate at 0.01% is neutral, open interest is stable, with no strong short squeeze signals. Be patient and wait for a pullback; missing the breakout is more controllable than getting caught chasing a high.
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