$AVAX Short Setup Rejection at Resistance, Downtrend Incoming
Sellers are stepping in
Looking at the 1H chart for AVAX
it's clear the upward push failed, and the price is now facing downward pressure. It got a solid rejection near the $9.000 level, and since then
it's been forming lower highs. Right now, the price is trying to break below the $8.500 support zone. If it closes below this level, there's a strong chance we'll see a deeper pullback
SHORT ENTRY: $8.450 – $8.470
TP1: $8.350
TP2: $8.200
TP3: $8.050
TP4: $7.919
STOP LOSS: $8.720
Sell and Trade
Sellers are stepping in
Looking at the 1H chart for AVAX
it's clear the upward push failed, and the price is now facing downward pressure. It got a solid rejection near the $9.000 level, and since then
it's been forming lower highs. Right now, the price is trying to break below the $8.500 support zone. If it closes below this level, there's a strong chance we'll see a deeper pullback
SHORT ENTRY: $8.450 – $8.470
TP1: $8.350
TP2: $8.200
TP3: $8.050
TP4: $7.919
STOP LOSS: $8.720
Sell and Trade
