🔻$AVAX Rejection Expected Near Key Resistance – Short Opportunity!
$AVAX /USDT is approaching a strong resistance zone around $17.11, where previous price action has shown rejection. The current price structure suggests a potential bearish reversal, with a lower high likely forming. If the price fails to break above this level, expect a move down toward $16.03 support. This sets up a favorable short trade setup.
🔴 Trade Setup:
Setup: SHORT
Entry: $17.10
TP: $16.60 / $16.30 / $16.03
SL: $17.51