$AVAX – BEARISH BREAKDOWN WITH WEAK RECOVERY
AVAX just experienced a sharp sell-off, breaking below key intraday support around $24.60 and dropping to as low as $23.28 before a mild bounce. Current price action shows weak recovery attempts but momentum is still favoring sellers unless we see a strong reclaim of $24.50+.
Trade Setup:
Entry (Short): $24.10 – $24.30
Take Profit 1: $23.60
Take Profit 2: $23.30
Stop Loss: $24.65
Market Outlook:
If bulls fail to hold above $24.00, bears may push towards retesting the day’s low near $23.28. Any bounce is likely to face resistance at $24.50–$24.60 unless volume shifts strongly bullish.
