Everyone got chopped to pieces by that $7.83 spike wick on $AVAX , but zooming out reveals a much cleaner structural picture.
Price has bled all the way back into the $7.32-$7.40 demand floor. This isn't random chop - it's the exact base that launched the rally to $8.20 last week, and sellers are visibly losing momentum with volume shrinking to multi-day lows.
I'm accumulating here between $7.36 and $7.42. The primary relief target is the $7.68-$7.78 breakdown supply block to lock in gains.
Hard stop is strictly at $7.26. If 1H closes below $7.30, the base is broken - cut immediately and do not hold without a stop loss.
$AVAX #AvalancheAVAX #crypto
Price has bled all the way back into the $7.32-$7.40 demand floor. This isn't random chop - it's the exact base that launched the rally to $8.20 last week, and sellers are visibly losing momentum with volume shrinking to multi-day lows.
I'm accumulating here between $7.36 and $7.42. The primary relief target is the $7.68-$7.78 breakdown supply block to lock in gains.
Hard stop is strictly at $7.26. If 1H closes below $7.30, the base is broken - cut immediately and do not hold without a stop loss.
$AVAX #AvalancheAVAX #crypto
