$AVAX /USDT BEARISH TREND PERSISTS – SHORT-TERM RECOVERY LOSING STEAM
AVAX bounced from $21.80 but is now struggling to maintain momentum, with price facing resistance at the 25MA around $22.38. The 99MA at $23.17 remains a strong ceiling, keeping the overall structure bearish. Sellers are likely to step back in as the bounce weakens.
🔹Trade Setup (Short Entry)
Entry Zone: 22.25 – 22.40
Take Profit 1: 21.95
Take Profit 2: 21.80
Stop Loss: 23.20
📊 Market Outlook:
AVAX remains under bearish pressure as moving averages slope downward. A decisive break below $21.80 could lead to deeper downside, while a close above $23.17 is needed to change the bias to bullish.
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