🚨
$AVAX breakdown confirmed.😫
Structure still bearish — patience until price retests resistance.
Trend is your friend.😱
AVAX has officially broken below the 9.50 support (red line on chart), which was holding price for a while. Once that floor gave way, we saw a strong impulsive drop straight into the 8.30–8.40 zone.
📉 What this tells us:
✅ Clear bearish structure (lower highs + lower lows)
✅ Previous support now likely acts as resistance
✅ Current bounce looks like a dead-cat bounce / relief move
🔍 Key Levels to Watch:
• Resistance: 9.40 – 9.60 (previous support flip)
• Minor resistance: 8.80 – 9.00
• Support: 8.20 – 8.00
• If 8.00 breaks → next liquidity zone around 7.50
💡 Trading Idea (not financial advice):
If price revisits 9.0–9.5 and shows rejection, shorts may be favored.
If bulls want control back, they must reclaim 9.50+ with volume.
Right now, trend = DOWN until proven otherwise.
$AVAX #avax