$AVAX – SHORT
Entry: 7.54–7.56
SL: 7.66
TP1: 7.52
TP2: 7.49
TP3: 7.42
The chart shows persistent bearish exhaustion following the failed breakout attempt toward the 7.66 resistance level. Decreasing buying momentum suggests a shift in control toward sellers as liquidity is drawn downward toward the recent session lows. We anticipate a retest of the local demand zone as the current order flow remains predominantly skewed toward the downside, confirming a clear downward trend across the most recent fifteen-minute candle intervals.
Entry: 7.54–7.56
SL: 7.66
TP1: 7.52
TP2: 7.49
TP3: 7.42
The chart shows persistent bearish exhaustion following the failed breakout attempt toward the 7.66 resistance level. Decreasing buying momentum suggests a shift in control toward sellers as liquidity is drawn downward toward the recent session lows. We anticipate a retest of the local demand zone as the current order flow remains predominantly skewed toward the downside, confirming a clear downward trend across the most recent fifteen-minute candle intervals.