$AVAX signal

Coin name: AVAX


SHORT


Price:  19.50

(Enter on entry price)

AVAX is currently moving within a bearish channel. It's approaching the upper trendline resistance, which could act as a strong rejection point. This presents a potential short opportunity—just make sure to apply proper risk management.

However, keep in mind that the Coinglass liquidation heatmap shows a lot of upside liquidity. As we know, the market often targets these zones to trap retail traders. There’s a chance AVAX could spike up and hit stop losses before moving down, so stay cautious and plan your entries carefully.

Additionally, BTC dominance (BTC.D) has broken down from a bearish head and shoulders pattern. This could open the door for altcoins to gain some momentum in the short term. It's a bad sign for alts. But technically I am bearish on avax


As always, manage your risk wisely and avoid using high leverage while trading. Stay sharp!


5x leverage  isolated

Sl: 19.89

Target:

1) 19.30

2)19

3)18.90

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#AVAX