Most think $AVAX is due for a bounce, but I'm challenging that. With RSI at 47.4 and MACD negative, I'm shorting at 6.3230, stop loss at 6.3827, taking profits at 6.2860. Nearest Fibonacci level is 0.382 retracement zone, adding to my bearish bias. Price is below VWAP, OBV is falling, and trend is weak downtrend, so I'm confident in this short.
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