#AVAX — Trendline Rejection, Range High Supply Holding
AVAX has pushed into the descending trendline / supply zone near 13.30–13.45 but failed to reclaim it, followed by an immediate rejection. The rebound from the 12.70 low looks corrective, with price still respecting lower-high structure inside a broader bearish range. Buyers are struggling to hold above key resistance, keeping downside risk active.
Trade : Short
Entry Zone: 13.25 – 13.40
Targets:
TP1: 13.00
TP2: 12.70
TP3: 12.30
Stop Loss: 13.55
Bearish continuation remains valid while price stays below the 13.45–13.50 resistance zone. A strong reclaim and acceptance above this area would invalidate the bearish bias and signal a potential trend shift.
AVAXUSDT
Perp
12.21
-7.47%
