$AVAX is a patience trade on the short side because the sequence is putting out lower highs and lower lows, confirming the down momentum is still running. The current price is brushing up against where a previous high made its mark, and the latest candle shows it rejected that push. If the price falls below the last swing low, the picture gets much clearer on the downside.

AVAXUSDT | SHORT
Entry 8.305 - 8.327
Invalidation 8.375
Targets 8.257 / 8.210 / 8.150

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