Bearish Rejection on $AVAX /USDT – Short Trade Opportunity
AVAX/USDT has shown a clear rejection from the upper resistance region near $27.19 after failing to sustain upward momentum. On the 15-minute chart, the pair is forming a potential double-top structure, signaling weakness in buying strength. Sellers are gaining control, with price now consolidating below the resistance area and showing signs of bearish continuation.
Entry: 26.03
Target 1: 25.50
Target 2: 24.80
Target 3: 24.24
Stop-Loss: 27.19
Risk Management: Allocate only 3–5% of your capital per trade. Move your stop-loss to entry once Target 1 is achieved to secure risk-free profits.
Pro Tip: If price retests $26.50 with low buying volume and gets rejected again, it strengthens the short setup for a deeper drop toward support zones.