$AVAX – Price sitting on support, breakdown risk increasing
Trading Plan (Short)
Entry: 9.36 – 9.70
SL: 10.35
TP1: 9.30
TP2: 9.05
TP3: 8.70
$AVAX is currently trading around 9.36, holding just above the 9.326 support after failing to build momentum toward the 10.328 resistance. The 1H structure shows weak upside with price forming lower highs, indicating sellers are still active.
Price is compressing near support, and repeated failure to push higher suggests weakening buyer strength. A clean break below 9.326 could trigger further downside continuation toward lower liquidity zones.
Trade $AVAX here 👇
AVAXUSDT
Perp
8.889
+1.50%