$AVAX is facing strong selling pressure, with price action showing continued weakness below the recent consolidation range. The $8.00 support level is now in focus, and another rejection near the entry zone could open the door for further downside.
Entry Zone: $8.20 – $8.30
TP1: $8.00
TP2: $7.85
TP3: $7.65
Stop Loss: $8.65
AVAX is trading below its short-term moving averages, suggesting that sellers still have control. If the price fails to move above the entry zone, another downward move could follow. However, a strong recovery and sustained move above $8.65 would invalidate this setup.
Will AVAX bounce from $8.00 support, or are we about to see a deeper drop?
Stay patient, manage your risk, and trade with a clear plan.
DYOR. NFA.
#UniswapA16zSeekDeFiExemptionFromIllinoisCryptoTax #KOSPIFalls3.53%BackBelow6000 #AmazonSharesFallAbout7%InPremarketTrading #USMidtermElections #BinanceWillListPredictPREDICT
Entry Zone: $8.20 – $8.30
TP1: $8.00
TP2: $7.85
TP3: $7.65
Stop Loss: $8.65
AVAX is trading below its short-term moving averages, suggesting that sellers still have control. If the price fails to move above the entry zone, another downward move could follow. However, a strong recovery and sustained move above $8.65 would invalidate this setup.
Will AVAX bounce from $8.00 support, or are we about to see a deeper drop?
Stay patient, manage your risk, and trade with a clear plan.
DYOR. NFA.
#UniswapA16zSeekDeFiExemptionFromIllinoisCryptoTax #KOSPIFalls3.53%BackBelow6000 #AmazonSharesFallAbout7%InPremarketTrading #USMidtermElections #BinanceWillListPredictPREDICT
