$AVAX — correction within a bullish scenario
For $AVAX , one scenario under consideration is that a correction develops after a strong impulse, followed by another upward wave.
One possible variation is a move into the $9.6–$10 area, taking out the nearest low before recovering. In terms of wave structure, this could correspond to a flat correction.
The key condition is the emergence of demand after the decline. If the price moves back above the zone and forms a new impulse, the continuation hypothesis gains strength. If selling accelerates, the previous wave count will need to be reassessed. A drop to support, by itself, does not make a buy justified.
For $AVAX , one scenario under consideration is that a correction develops after a strong impulse, followed by another upward wave.
One possible variation is a move into the $9.6–$10 area, taking out the nearest low before recovering. In terms of wave structure, this could correspond to a flat correction.
The key condition is the emergence of demand after the decline. If the price moves back above the zone and forms a new impulse, the continuation hypothesis gains strength. If selling accelerates, the previous wave count will need to be reassessed. A drop to support, by itself, does not make a buy justified.