$AVAX /USDT – BEARISH SIGNAL🔴
EXTENDED DOWNTREND • WEAK REBOUND AFTER BREAKDOWN
$AVAX continues to face heavy selling pressure after a sharp decline from $27.38, now trading near $23.13. Although it briefly bounced off the $22.40 low, the recovery was shallow and lacked momentum. The recent candles show indecision, and price remains below key resistance at $24.00. With lower highs and consistent red volume bars, downside continuation remains likely if $22.40 breaks again.
Trade Setup:
• Entry Point: $23.00 – $23.30
• Stop Loss: $24.20
• Take Profit 1: $22.00
• Take Profit 2: $20.80
Bear trend remains strong. Break of support could trigger further capitulation.
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