$AVAX /USDT BEARISH RETEST SETUP – SELL PRESSURE NEAR $20! ⚠️📉

Avalanche (AVAX) is trading at $19.17 (-1.39%), showing signs of weakness after being rejected from the 24h high of $20.00. Despite small intraday bounces, the price remains under pressure, with lower highs forming on lower timeframes. If buyers fail to reclaim $20+, a further drop toward key support is likely.

🔍 KEY LEVELS TO WATCH

Immediate Resistance: $20.00 (24h high, psychological resistance)

Major Resistance: $21.00 → $22.00 (liquidity zones)

Immediate Support: $18.70 (24h low)

Key Support: $18.00 (multi-day demand zone)

📉 TRADE SETUP (SHORT IDEA)

Entry: On rejection near $19.50–$20.00 (bearish candle on 15m–1h)

Take Profit (TP):

TP1: $18.70

TP2: $18.20

TP3: $17.50

Stop Loss (SL): $20.30 (above recent high)

✅ ALTERNATE BULLISH SCENARIO

Long entry valid if AVAX breaks and closes above $20.30 with volume

TP zone: $21.00–$22.00

SL below $19.50

⚠️ RISK MANAGEMENT

Use 1–2% risk per trade

Set SL just beyond resistance

Avoid shorting if breakout candles form with volume above $20.30

Summary: AVAX is facing downward pressure below $20. If buyers don’t step in soon, a move toward $18.00 support is expected. Ideal for short-term trades with clear invalidation above $20.30. 📉💡

Want a 4H trendline or moving average-based trade setup? Just ask!

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