Hey Square fam! 👋 Avalanche (AVAX/USDT) is showing signs of a bearish pause after forming a double-top pattern. Let’s outline key levels, trade ideas, and community-ready content—all tuned for Binance Square. Let’s go! 🚀
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🔍 What’s Happening?
Double-Top in Play: AVAX peaked twice near $21.40), signaling a classic bearish reversal .
Price Swing: It’s trading between $20 and $21, struggling to reclaim $20.10–20.68 support-turned-resistance .
Whale Sell-Off: Big wallets have sharply reduced transactions—whale activity is down by ~90%, suggesting less institutional support .
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🔻 Near-Term Outlook
The dip from $23 to sub-$20 levels indicates bearish momentum is strong .
On-chain data reveals heavy short positioning above $21.39, with leveraged longs liquidated recently—adds to the bearish bias .
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💡 Trade Plan: Short Setup (Bearish)
Field Level (USDT) Notes
Entry (Short) $20.50 Below broken neckline, near resistance
**Stop-Loss (SL)** ≥ $21.40 Just above the neckline peak
TP1 $19.50 Psychological & short-term support
TP2 $18.80 Next support zone & lower range target
TP3 $17.50 Mid-range support, possible bounce point
TP4 $15.70 Major long-term demand from April dip
TP5 $14.50 Deeper retracement area per broader bearish trend
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🧠 Why This Strategy Works
1. Bearish Technical Structure
The double-top reversal is confirmed by the break below neckline—classic bearish signal .
2. Decline in Whale Activity
Institutional outflows reduce support, making downside more likely .
3. On-chain & Derivatives Data
Heavy short positioning and recent long liquidations strengthen the bearish case .
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📸 How to Share on Binance Square
1. Headline
“⚠️ AVAX Double-Top Breakdown! Short Entry at $20.50—Targets to $14.50!”
2. Visuals
Post your annotated chart highlighting the double-top, neckline, entry, SL, and TPs.
3. Tone
Keep it friendly, emoji-filled, and insightful!
4. Engagement Prompt
> “Square crew—shorting AVAX or staying sidelined? Which target catch your eye?👇”
5. Compliance Reminder
“Just educational—this isn’t financial advice. DYOR & manage risk! ✅”
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📝 TL;DR
AVAX has broken down from a bearish double-top near $23. Entering a short around $20.50 with a tight SL at $21.40 could aim for targets at $19.50 → $18.80 → $17.50 → $15.70 → $14.50. Whale sell-offs and on-chain short dominance back this plan—but remember: timing and discipline matter!
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Let me know if you’re going short or staying alert—share your thoughts or chart below! 👇
Disclaimer: Info only—not financial advice. Trade smart!
