$AVAX — Bears Are Stepping In! Is $8.00 the Next Stop?
$AVAX is showing fresh weakness on the 1H chart after failing several times to hold above the $8.60–$8.70 resistance zone. Sellers have pushed price down toward $8.32, putting immediate support under pressure.
SHORT SETUP
Entry Zone: $8.32 – $8.46
SL: $8.72
TP1: $8.20
TP2: $8.00
TP3: $7.85
Technical Outlook:
The recent rejection suggests buyers are losing momentum. A confirmed breakdown below $8.29 could accelerate selling pressure toward $8.00 and potentially $7.85.
However, reclaiming $8.46 could weaken the bearish setup. Watch the next 1H candle for confirmation.
Manage your leverage and risk carefully.
Will $AVAX break below $8.29 and extend its downside move?
$AVAX is showing fresh weakness on the 1H chart after failing several times to hold above the $8.60–$8.70 resistance zone. Sellers have pushed price down toward $8.32, putting immediate support under pressure.
SHORT SETUP
Entry Zone: $8.32 – $8.46
SL: $8.72
TP1: $8.20
TP2: $8.00
TP3: $7.85
Technical Outlook:
The recent rejection suggests buyers are losing momentum. A confirmed breakdown below $8.29 could accelerate selling pressure toward $8.00 and potentially $7.85.
However, reclaiming $8.46 could weaken the bearish setup. Watch the next 1H candle for confirmation.
Manage your leverage and risk carefully.
Will $AVAX break below $8.29 and extend its downside move?
