$AVAX

AVAX

12.13

-0.65%

is showing strong bearish momentum on the daily and 4-hour charts, trading below all major EMAs. On the 1-hour chart, price is currently retesting the EMA50 as resistance. A 15-minute RSI dropping below 50 would confirm a continuation of the downtrend, presenting a high-probability shorting opportunity.

Actionable Short Setup:

Entry: 12.0307 – 12.0793

Targets: 11.9095 (TP1), 11.8610 (TP2), 11.7640 (TP3)

Stop Loss: 12.2005

This setup aims to capitalize on the ongoing downward momentum after the resistance retest.