$AVAX is down 2.10%, trading below its 50-day moving average with a reported bearish 4H head-and-shoulders structure. Rising open interest and negative funding suggest active positioning ahead of the reported October 24, 2026 token unlock. The event may increase volatility, but its price impact is not guaranteed.
📈 Bias: Bearish / Pre-Event Distribution | 🎯 Entry: $24.80–$25.20 (Short) | 🛡 Support: $23.10 | 🚧 Resistance: $25.80 | 🎯 Targets: $23.50 / $22.60 / $21.50 | ❌ Invalidation: Break above $26.10
Strategy: Consider a short only after resistance rejection confirms; manage event risk carefully because an absorbed unlock could trigger a short squeeze.
#AVAX #CryptoTrading #TokenUnlock #TechnicalAnalysis #BinanceSquare
📈 Bias: Bearish / Pre-Event Distribution | 🎯 Entry: $24.80–$25.20 (Short) | 🛡 Support: $23.10 | 🚧 Resistance: $25.80 | 🎯 Targets: $23.50 / $22.60 / $21.50 | ❌ Invalidation: Break above $26.10
Strategy: Consider a short only after resistance rejection confirms; manage event risk carefully because an absorbed unlock could trigger a short squeeze.
#AVAX #CryptoTrading #TokenUnlock #TechnicalAnalysis #BinanceSquare