$AVAX /USDT – Short Trade Setup
AVAX is currently trading around 23.08, showing consolidation within a defined range. Price action indicates weakness near the upper resistance zone (~23.40–23.50) and is failing to sustain bullish momentum. A rejection at resistance suggests a potential short-term bearish move toward support.
Entry: 23.08
Targets:
Target 1: 22.85
Target 2: 22.65
Target 3: 22.54
Stop-Loss: 23.43
Risk Management: Allocate only 3–5% of capital to this trade. Once Target 1 is achieved, shift Stop-Loss to entry level to secure position safety.
Pro Tip: Monitor price reaction near 22.85—a strong bounce could occur, but if volume increases on breakdown, further downside toward 22.54 is likely.