$AVAX Market Trend: Strong Bearish Pressure, Continuing to Fall
Trade Signal
Entry 1 (Short): $21.45 (Current zone - for immediate continuation if it breaks below)
Entry 2 (Short): $21.60 (Short on pullback to minor resistance)
TP1: $21.35
TP2: $21.25
TP3: $21.15
TP4: $21.05
Stop-Loss: $22.75 (Above recent rejection point)
Why This Trade?
AVAX is in a powerful downtrend, consistently making lower lows and struggling to find support. The price is well below its key moving average, and the Bollinger Bands are expanding downwards, confirming the strong selling momentum. This indicates that sellers are in firm control, and further price drops are likely.
Support & Resistance Levels
Support: $21.35 • $21.25 • $21.15
Resistance: $21.60 • $21.75 • $21.90
Market Update for AVAX (AVAX)
AVAX is experiencing intense selling pressure, with its price declining significantly after a recent drop. Volume is high during the sell-off, confirming the strength of the downward move. The overall market sentiment for AVAX is extremely bearish, and caution is advised as further price depreciation is expected.
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