$AVAX
The chart shows AVAX testing critical support after a -4.09% slide. While the long-term trend is bearish (-54% over 180 days), we are seeing a tight consolidation near the daily low.
* Direction: SHORT (Bearish Momentum)
* Entry Zone: $9.37 – $9.45
* Take Profit 1: $9.15 (Immediate Support)
* Take Profit 2: $8.80 (Psychological Level)
* Stop Loss: $9.75 (Above recent local resistance)
Technical Summary:
AVAX is struggling to reclaim the $10.00 mark. With volume sitting at 30M USDT, the selling pressure remains dominant. If it breaks below the current $9.35 low, expect a fast move down.
Risk Warning: Only trade with capital you can afford to lose. Volatility is high.