$AVAX Is This Rejection at Resistance Real?
Short Trade Setup:
Current Price: $19.62 (+3.04%)
Key Levels to Watch:
Resistance: $19.73
Support: $18.85
24H Range: $18.85 – $19.73
Trade Setup:
Entry Zone: $19.45 – $19.65
Targets:
Target 1: $19.10
Target 2: $18.80
Target 3: $18.50
Stop Loss: $19.85
Market Insight:
AVAX surged to the $19.70 resistance zone but is showing signs of weakness with declining volume and consecutive red candles.
A break below $19.40 could trigger downside momentum.
Recommendation:
Watch for a 15m bearish engulfing candle for confirmation.
Be cautious near $19.00—it might act as a liquidity trap or magnet.
