Hey buddy,
AVAX is currently sitting at $5.69 after a strong sweep below the 6.20 zone, hitting 5.68. The price structure is clearly bearish, with repeated BOS breaks and a new Lower Low. The last Higher High was at 10.49 and the latest Lower High was at 6.96.
There’s a strong Bearish Order Block between 6.60 and 6.80, along with a Bearish FVG above the price. Most importantly, there’s a deep Discount Zone below the 50% Fibonacci level.
My bias is currently strongly bearish. The best entry strategy is to short on the bounces towards 6.60-6.80 with a stop loss above 7.00.
Who's waiting for a CHoCH to change the trend?
#AVAX $AVAX
#BTC #bnb #sol $SPCXB
AVAX is currently sitting at $5.69 after a strong sweep below the 6.20 zone, hitting 5.68. The price structure is clearly bearish, with repeated BOS breaks and a new Lower Low. The last Higher High was at 10.49 and the latest Lower High was at 6.96.
There’s a strong Bearish Order Block between 6.60 and 6.80, along with a Bearish FVG above the price. Most importantly, there’s a deep Discount Zone below the 50% Fibonacci level.
My bias is currently strongly bearish. The best entry strategy is to short on the bounces towards 6.60-6.80 with a stop loss above 7.00.
Who's waiting for a CHoCH to change the trend?
#AVAX $AVAX
#BTC #bnb #sol $SPCXB