$AVAX Struggling at Support â Breakdown Looming?
$AVAX is currently trading at $21.98, showing clear weakness after multiple failed bounce attempts. Sellers are gaining control, and a breakdown looks dangerously close.
Key Levels to Watch:
Resistance Zone:
⢠$22.20 â $22.60
Recovery above this zone could offer short-term relief, but the trend remains weak unless bulls reclaim it quickly.
Support Zone:
⢠$21.90 â $21.50
If this zone breaks down, we could see sharp selling pressure accelerate.
Trade Setup â Stay Cautious:
Bearish Scenario:
Entry on breakdown below $21.90
⢠TP1: $21.50
⢠TP2: $20.80
⢠Stop-Loss: Above $22.20
Bullish Scenario:
Entry on breakout above $22.60
⢠TP1: $23.00
⢠TP2: $23.50
⢠Stop-Loss: Below $21.90
Volume spikes with each dip suggest growing bearish momentum. Stick to strict stop-losses and avoid guessing bottoms without confirmation.
#BinanceAlphaPoints
#MarketRebound
#BTCvsMarkets
$AVAX is currently trading at $21.98, showing clear weakness after multiple failed bounce attempts. Sellers are gaining control, and a breakdown looks dangerously close.
Key Levels to Watch:
Resistance Zone:
⢠$22.20 â $22.60
Recovery above this zone could offer short-term relief, but the trend remains weak unless bulls reclaim it quickly.
Support Zone:
⢠$21.90 â $21.50
If this zone breaks down, we could see sharp selling pressure accelerate.
Trade Setup â Stay Cautious:
Bearish Scenario:
Entry on breakdown below $21.90
⢠TP1: $21.50
⢠TP2: $20.80
⢠Stop-Loss: Above $22.20
Bullish Scenario:
Entry on breakout above $22.60
⢠TP1: $23.00
⢠TP2: $23.50
⢠Stop-Loss: Below $21.90
Volume spikes with each dip suggest growing bearish momentum. Stick to strict stop-losses and avoid guessing bottoms without confirmation.
#BinanceAlphaPoints
#MarketRebound
#BTCvsMarkets
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
AVAX
21.35
+1.90%
BTC
96,689.36
+2.67%