$AVAX: Bearish pressure is increasing. Are we waiting for a cascade breakout? 📉
On the 1h TF for AVAX, a clear bearish structure has formed. The price is squeezed under a descending slope, forming a cascade of horizontal support levels, behind which significant liquidity from buyers has accumulated.
Why this is the setup of the day:
✅ Structure: Lowering extremes confirm the dominance of sellers.
✅ Liquidity: A large pool of stop-losses is located below the horizontal levels. A breakout of the cascade will trigger a chain reaction and an impulsive drop.
✅ Order Book: An increase in sell volumes indicates preparation for a downward breakout.
🎯 Trading plan (Short):
Entry: After consolidation above the level and a sharp breakout of the cascade on volumes.
Targets for fixation:
📍 11.754 — First liquidity zone.
📍 11.662 — Impulsive continuation.
📍 11.609 — Final target of the structure.
Stop-loss: Fixation above the descending slope line.
$AVAX 👇
I expect a cascade execution of stops when breaking lower levels. We are working according to the trend! 📉
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