$AVAX /USDT

Price is trading around 12.15, sitting in the middle of a well-defined 4H range. The structure over the last few sessions is neutral, not trending. We’ve seen both sides tested, with no clean displacement strong enough to flip the higher-timeframe bias.

On the upside, liquidity is clearly resting above the 12.45–12.60 area. That zone rejected price previously and aligns with recent swing highs. The push into 12.55 was sold aggressively, which tells me that area is still being defended. Any move back into that zone without strong momentum should be treated as a liquidity test, not confirmation.

On the downside, buyers have consistently stepped in around 11.80–11.90. That area has absorbed multiple sell attempts, suggesting short-term accumulation rather than continuation to the downside. However, these bounces have been corrective, not impulsive.

Structure-wise, AVAX is making overlapping candles with relatively equal highs and lows. That usually points to distribution within a range, not a breakout environment. No clear higher high has been accepted, and no lower low has been expanded with follow-through.

Trade logic (if engaging):

Long interest: Only after a sweep below 11.80 that reclaims back above 12.00, targeting the range high near 12.50–12.60.

Short interest: Into 12.45–12.60 if price shows rejection and fails to accept above that zone.

Invalidation: Clean 4H acceptance above 12.60 or below 11.70. That would signal range resolution and force a reassessment.

Until then, this is range work, not trend trading. Let price come to key levels. No need to chase the middle.

Discipline here is about patience. The market is offering clarity only at the edges. Let liquidity show its hand first.