#AVAX — will we see another drop to $7–8 before a reversal?
In my opinion, $AVAX could still offer an interesting buying opportunity.
🔎 What I see on the chart:
The structure on the daily and weekly timeframes looks pretty good. I’m expecting one more move below $8, where I want to closely watch how the price reacts.
🎯 My potential areas of interest:
Below $8 — the first zone where I expect buyers to react. There’s a large volume of trading here.
$7 — my ideal scenario. This would give me a better entry price and let me place a stop-loss beyond a clearer invalidation level.
🚀 First target — $12.
Of course, the main thing is to see confirmation of a reversal, rather than trying to catch a falling knife.
What do you think?
Is $AVAX already preparing to reverse, or will we see $7 first?
In my opinion, $AVAX could still offer an interesting buying opportunity.
🔎 What I see on the chart:
The structure on the daily and weekly timeframes looks pretty good. I’m expecting one more move below $8, where I want to closely watch how the price reacts.
🎯 My potential areas of interest:
Below $8 — the first zone where I expect buyers to react. There’s a large volume of trading here.
$7 — my ideal scenario. This would give me a better entry price and let me place a stop-loss beyond a clearer invalidation level.
🚀 First target — $12.
Of course, the main thing is to see confirmation of a reversal, rather than trying to catch a falling knife.
What do you think?
Is $AVAX already preparing to reverse, or will we see $7 first?