$AVAX triggered a long liquidation near 12.33 after failing to defend short-term support. The liquidation cleared excess leverage, and downside follow-through slowed, indicating a corrective reset rather than trend failure. If price holds above demand and consolidates, a rebound toward higher resistance becomes likely. Structure confirmation is required before increasing exposure.
EP: 11.90 – 12.35
TP: 13.40 / 14.80 / 17.20
SL: 11.40
Mean-reversion recovery setup with clear invalidation.
AVAXUSDT
Prep
12.13
-0.19%