$AVAX is approaching a key supply zone where selling pressure could re-enter the market, creating a potential high-probability short opportunity.
Trading Plan – Short $AVAX
Entry: 6.25 – 6.50
Stop Loss: 6.80
TP1: 6.00
TP2: 5.80
TP3: 5.50
The recent bounce has pushed price back into a strong resistance area that previously attracted aggressive sellers. So far, the recovery still appears to be a corrective move within the broader bearish structure rather than a confirmed trend reversal.
Liquidity continues to rest below the recent swing lows, making those levels attractive downside targets. If buyers fail to establish acceptance above the supply zone, the probability of a bearish rotation toward the listed take-profit levels increases significantly.
Trade with proper risk management, follow your plan, and avoid overleveraging.
DYOR (Do Your Own Research).
Trading Plan – Short $AVAX
Entry: 6.25 – 6.50
Stop Loss: 6.80
TP1: 6.00
TP2: 5.80
TP3: 5.50
The recent bounce has pushed price back into a strong resistance area that previously attracted aggressive sellers. So far, the recovery still appears to be a corrective move within the broader bearish structure rather than a confirmed trend reversal.
Liquidity continues to rest below the recent swing lows, making those levels attractive downside targets. If buyers fail to establish acceptance above the supply zone, the probability of a bearish rotation toward the listed take-profit levels increases significantly.
Trade with proper risk management, follow your plan, and avoid overleveraging.
DYOR (Do Your Own Research).