$AVAX – BULL TRAP CONFIRMED, MORE DOWNSIDE LIKELY!
SHARP DROP FROM $23.14. WEAK BOUNCE AFTER NEW LOW AT $21.63.
$AVAX /USDT has broken down after rejecting strongly from the $23.14 resistance zone. Price action has shifted bearish with consistent lower highs and a steep sell-off, marking a fresh low at $21.63. The current bounce is weak and lacks volume, signaling exhaustion from buyers. If $21.85 fails to flip support, sellers could push further down.
SHORT TRADE SETUP
Entry: $21.78 – $21.90
Targets: $21.30 / $20.70
Stop Loss: $22.15
Momentum favors bears. Watch for increased sell pressure on any rejection near $21.90.
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