$AVAX

Short Trade Setup

$AVAX is currently trading in a bearish descending channel, making lower highs and lower lows.

The area around 18.40 is a known resistance zone where price has previously failed to break above.

Wicks and rejections around this level indicate selling pressure.

There's weak bullish momentum, and bulls are unable to push beyond the $18.50–$19.00 resistance cluster.

🔸 Trade Type: SHORT

📍 Entry Zone: 18.403 – 18.357

🎯 Take Profit Targets:

1. 18.216 – Initial support

2. 18.028 – Weak bounce zone

3. 17.828 – Major price memory zone

4. 17.643 – Medium-term support

5. 17.420 – Deeper pullback target

6. 17.250 – Bearish extension target

🔺 Stop Loss:

Key levels

Resistance

18.40–18.50 Primary short entry zone/resistance

19.00 Minor resistance level

19.212 (above key resistance and invalidation level)

Support

18.216 First minor support – intraday bounce zone

18.028 Weak demand – may give partial bounces

17.828 Local support – structure break zone

Price failing to hold above $18.40 area

Weak buyer interest near $18.50

Invalidation happens on a breakout above 19.212 with strong volume.