🚨 $AVAX /USDT – -5.55% Slide! Breakdown or Bounce Back Setup? ❄️🔥
$AVAX has dropped to $16.17, losing grip on its short-term MAs. With support at $15.95 barely holding and RSI cooling near 30, traders are watching closely—is a relief rally coming or more downside ahead? Let’s break it down 👇
📊 Market Overview
📍 Current Price: $16.17
📈 24h High: $17.14
❄️ 24h Low: $15.95
📊 Parabolic SAR: Bearish bias (needs reclaim above $16.60)
📉 MACD Momentum:
MACD histogram weakening
Trend below all major MAs: MA(7), MA(25), MA(99)
📉 RSI (6): 32.50 – Approaching oversold territory
📈 AVAX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If AVAX Holds Above $15.95):
Entry: Above $16.35
Targets: $16.90, $17.55, $18.40
Stop-Loss: $15.70
🔹 Bearish Scenario (If AVAX Breaks Below $15.95):
Entry: Below $15.90
Targets: $15.40, $14.60, $13.90
Stop-Loss: $16.35
🔍 Should You Hold or Sell?
✅ Support at $15.95 is critical—watch for volume bounce
✅ RSI near 30 = potential for short-term bounce
⚠️ Breakdown below $15.95 opens path toward $14.50 zone
💡 Pro Tip:
🚀 A reclaim of $16.60 + volume = early signal for recovery
⚠️ Don’t FOMO—wait for breakout with confirmation candles
📢 Are you buying AVAX on the dip or playing the trend? Sound off below!
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