$AVAX 1H Market Update 🚨
$AVAX is at a critical decision point after forming a Double Top and pulling back.
Price is trading below EMA50 (9.12) and hovering near EMA200 (9.04)
Key resistance: 9.46 – 9.66
Weak support forming around 9.00 (low volume)
Bullish Setup:
Entry: Break & close above 9.15
TP 1: 9.50
TP 2: 9.65
SL: 8.85
Bearish Setup:
Entry: Breakdown below 8.90
TP 1: 8.50
TP 2: 8.46
SL: 9.15
⚠️ Wait for confirmation — high probability of fakeouts in this zone.