$AVAX is a patience trade on the short side. The price moved below the recent trading boundaries, and the candles recently are showing strong selling. The formation of lower highs on recent swings adds weight to the bearish view, supported by the daily and four-hour charts. A strong close beneath that old floor would be what solidifies the downside bias.

Levels — AVAXUSDT
Zone: 8.032 - 8.060
Cut: 8.118
Scale: 7.974 | 7.916 | 7.843

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