$AVAX /USDT – Major Resistance Test Ahead!

AVAX is approaching a key supply zone around $20.15 after a sharp 5.61% intraday rally. The price is testing this resistance, which previously triggered a sell-off.

Current Price: $20.14

24H Change: +5.61%

Trade Setup:

Entry Zone: $20.10–$20.15

Target: $18.50

Stop Loss: $20.75

Why This Setup Makes Sense:

Price has rallied into a previous rejection zone. A rejection from here could trigger a short setup with a favorable risk-reward. If price breaks and holds above $20.75, this bearish view is invalidated.

Pro Tip: Look for bearish candlestick confirmations like wicks or engulfing patterns on lower timeframes.

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