$AVAX looks like it's in a bear trap after the recent bounce off the 25-day SMA.
As long as it stays above the 200MA, AVAX looks primed for a breakdown with the current chart structure.
Downtrend with close above 7-day SMA
Bearish 10-bar trend
Flat/falling volume
A daily close above 7.12 invalidates this trade idea.
Are you selling this false breakout on $AVAX?
#MarketAnalysis
As long as it stays above the 200MA, AVAX looks primed for a breakdown with the current chart structure.
Downtrend with close above 7-day SMA
Bearish 10-bar trend
Flat/falling volume
A daily close above 7.12 invalidates this trade idea.
Are you selling this false breakout on $AVAX?
#MarketAnalysis