Avalanche ($AVAX ) is breaking down after a rejection on a daily area of resistance at $26.55. This a trigger for a short trade having the stop loss on the highs we made above $27.44.
Take profit 1 will be at $15.64. Once that liquidity is taken out down there I will watch for a short term bounce. This analysis will only fail if we get a massive break of $26.55.
