🔻 $AVAX : imbalance filled, buyers are running out of steam
📉 The price has returned to the 10.14–10.56 imbalance zone and stalled near its upper edge. The bounce is unfolding inside a rising wedge, with buyers showing a weak response.
🧐 I consider this buying to be manipulative. Momentum is weak, there’s no visible volume support, and a break below the wedge’s lower boundary would open the way down.
🎯 Scenario: a wedge breakdown and consolidation below it, followed by a move to 10.05, then 9.4. Stop above 10.71, which is above the zone. If the price consolidates above it, the idea is invalidated.
🌍 The backdrop is cautious: the market is waiting for Fed signals and watching ETF flows. If sentiment worsens, altcoins usually react more strongly than BTC. But that’s just the backdrop; the levels are what matter.
💬 What do you think—will buyers hold the wedge, or will we see a breakdown?
❗️ Stay alert and be careful. Always manage your risk.
$AVAX
📉 The price has returned to the 10.14–10.56 imbalance zone and stalled near its upper edge. The bounce is unfolding inside a rising wedge, with buyers showing a weak response.
🧐 I consider this buying to be manipulative. Momentum is weak, there’s no visible volume support, and a break below the wedge’s lower boundary would open the way down.
🎯 Scenario: a wedge breakdown and consolidation below it, followed by a move to 10.05, then 9.4. Stop above 10.71, which is above the zone. If the price consolidates above it, the idea is invalidated.
🌍 The backdrop is cautious: the market is waiting for Fed signals and watching ETF flows. If sentiment worsens, altcoins usually react more strongly than BTC. But that’s just the backdrop; the levels are what matter.
💬 What do you think—will buyers hold the wedge, or will we see a breakdown?
❗️ Stay alert and be careful. Always manage your risk.
$AVAX