$AVAX Reaches TP1 🎯 | +14% on the Short

Just a few days back, we spotted the breakdown on $AVAX with clear acceptance below the Value Area — signaling buyer exhaustion and triggering our short entry.

📉 Trade Recap:

Entry: ~$18.60–19.00

Target 1: Hit ✅ (+14%)

50% profits secured

Stop-loss moved to entry (risk-free)

💡 Why It Worked:

Volume profile showed no buyer support below VA = failed auction

Broader altcoin market under pressure from heavy spot selling

BTC held range lows — pausing further breakdown (for now)

⚠️ Remaining cautious here. No reason to fade a downtrend. If BTC loses support, AVAX may continue bleeding into the next demand zone ($14.75–15.50).

$AVAX #BinanceSquareTalks #altcoins #VolumeProfile #FailedAuction #CryptoStrategy

AVAX

12.25

-0.24%