📉 $AVAX REJECTED AT RESISTANCE — BEARS EYEING A DEEPER PULLBACK! 🔻
Entry: 6.40 – 6.46 ⚡
Target 1: 6.30 🎯
Target 2: 6.18 🎯
Target 3: 6.05 💥
Stop Loss: 6.58 ⚠️
The 6.46 mark just rejected selling pressure with a textbook lower-high structure on the 4H chart. 📊 Volume is fading on each bounce, while the daily candle prints a bearish engulfing off the order block — classic redistribution before a liquidity grab below 6.18. 🔍
The short setup targets the imbalance left from the previous rally; 6.05 is the magnet where buy-side liquidity rests. 📌 With the stop placed above 6.58, the risk-reward is deliberately asymmetric. 💬 Can bears defend this resistance for a second straight week, or will buyers reclaim 6.46 before the sweep? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #AVAX #ShortSetup #Crypto #Trading
🔻 🐻
Entry: 6.40 – 6.46 ⚡
Target 1: 6.30 🎯
Target 2: 6.18 🎯
Target 3: 6.05 💥
Stop Loss: 6.58 ⚠️
The 6.46 mark just rejected selling pressure with a textbook lower-high structure on the 4H chart. 📊 Volume is fading on each bounce, while the daily candle prints a bearish engulfing off the order block — classic redistribution before a liquidity grab below 6.18. 🔍
The short setup targets the imbalance left from the previous rally; 6.05 is the magnet where buy-side liquidity rests. 📌 With the stop placed above 6.58, the risk-reward is deliberately asymmetric. 💬 Can bears defend this resistance for a second straight week, or will buyers reclaim 6.46 before the sweep? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #AVAX #ShortSetup #Crypto #Trading
🔻 🐻