$AVAX is showing clear signs of exhaustion after struggling to break higher. Price has been repeatedly rejected from the 12.80-12.90 resistance zone with long upper wicks and fading upside volume, indicating buyers are losing momentum......
The recent bearish candles and lower highs formation suggest distribution is underway, with a corrective pullback likely toward lower support levels if price fails to reclaim 12.80....................
Trade Setup
Entry Range: 12.65 – 12.75
Target 1: 12.40
Target 2: 12.20
Target 3: 11.90
Stop Loss (SL): 13.00
AVAX
11.55
-4.54%