$AVAX is currently showing a rejection from the 9.09873–9.15127 resistance zone, where a 75x isolated short setup has been initiated. The trade is structured around a bearish reaction at this level, with downside targets at 8.96736, 8.91482, and 8.80973, while the stop loss is placed at 9.28264 to invalidate the setup.
AVAX
9.77
0.00%
The rationale is based on a continued 4H bearish structure, with price reacting from the 9.12 region and maintaining downside bias on higher timeframes. On the lower timeframe, RSI around 28 indicates stretched momentum, suggesting that follow-through movement is important for continuation. Additionally, significantly lower-than-expected volume points to weak buying interest and stronger sell-side dominance.
Overall, the setup reflects a resistance rejection scenario, where confirmation of sustained downside pressure is key for the trade to develop as planned.