$AVAX — ngl, the cleanest read is that it has not invalidated the short case because the price is clearly developing lower highs against a broader bearish movement across multiple longer timeframes. The setup gets weaker if there is a decisive move that takes out the prior swing high. Seeing the current action developing lower highs across the visible timeframe helps confirm the bearish view.

AVAXUSDT | SHORT
Entry 8.348 - 8.370
Invalidation 8.414
Targets 8.304 / 8.259 / 8.204

#TradeSetup