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Shaher Bano Mushtaq
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AVAX Stays Under Pressure as Bears Hold the Trend
$AVAX is still moving in a clear bearish trend, trading below the main resistance zones at 12.57 to 15.23. The price is also under the 20 and 200 EMAs, which shows that sellers are still in control. The chart is facing strong resistance near 15.23, and support around 12.57 is the area most traders are watching for signs of a short-term floor.
Small rallies may slow down once the chart moves into the 14.61 to 15.23 zone. Sellers have been active there before, and the trend still leans downward. If the price ever moves above 16.6, it would challenge the bearish setup, but for now the pressure remains on the downside. Traders are focusing on how the price reacts at both support and resistance to time their entries.
Trading Plan Long: AVAX
Entry: 12.5–13.5
SL: 11
TP: 14.5–16.5
#AVAX #altcoins #CryptoUpdate #MarketWatch
Small rallies may slow down once the chart moves into the 14.61 to 15.23 zone. Sellers have been active there before, and the trend still leans downward. If the price ever moves above 16.6, it would challenge the bearish setup, but for now the pressure remains on the downside. Traders are focusing on how the price reacts at both support and resistance to time their entries.
Trading Plan Long: AVAX
Entry: 12.5–13.5
SL: 11
TP: 14.5–16.5
#AVAX #altcoins #CryptoUpdate #MarketWatch
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