#AVAXUSDT 1H Chart

AVAX / TetherUS PERPETUAL FUTURES BINANCE:AVAXUSDTPERP

saviour25

Price recently dropped and left a 1h supply zone around $66 with an imbalance around $64.5 and a big FVG (fair value gap) between $62 and $64. MACD is showing strong bearish momentum, RSI is oversold and EMAs are not clear. Price is currently retesting the major demand zone from where it should bounce from and move up towards the FVG as a short term target.

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