$AVAX – BEARISH REJECTION AFTER SPIKE! DOWNSIDE IN FOCUS

REJECTED FROM $22.90. STRONG RED CANDLE ENGULFS GAINS.

$AVAX surged sharply to $22.90 but faced immediate rejection, forming a strong bearish engulfing candle. Price is now slipping below $22.60, suggesting buyers failed to hold momentum. Volume also shows a decline in bullish strength, confirming short-term weakness.

Trade Setup:

Short Entry: $22.58

Targets: $22.30 / $21.95

Stop Loss: $22.92

A break below $22.50 could invite further selling pressure toward the daily low. Bears gaining ground quickly — stay alert.

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