🧊 AVAX holds steady… but is it a trap or a launchpad?

After a red weekend, the crypto market is finally breathing again — with $AVAX up 2.5% in 24h, outperforming many in the top 20. Current price: $17.11 — eyeing that sweet $20 zone 👀

But before we get too bullish… let’s zoom in.

🔸 4H chart still leans bearish

🔸 RSI ~45 — neutral, but bears not gone

🔸 MACD? Still negative

Short-term scenario:

📉 Retest of $15 not off the table

📈 If support holds, next liquidity grab is at $17.58 — then $20 is back in sight

Mid-term risk:

If $14.61 breaks, we could revisit $12 — levels not seen since Nov '23.

Zooming out, the broader market sentiment and geo-political tensions (Israel/Iran) still weigh heavy. So while this bounce is real — the real question is: is it sustainable?

I’m watching price action closely, but keeping tight risk management. In current markets, being reactive > predictive.

DYOR as always 🧠