$AVAX /USDT – Short-Term Technical Read (15m)
Price is trading around 12.19, stabilizing after a sharp intraday drop from 12.55. Structure is in post-selloff consolidation, not a confirmed reversal yet.
Market Structure
Strong rejection from 12.55 → clear intraday top
Heavy sell-off pushed price to 12.12, where buyers stepped in
Current candles show sideways compression after the bounce → market catching breath
Moving Averages
MA(7): 12.19 → price sitting exactly on it
MA(25): 12.33 → overhead resistance
MA(99): 12.32 → strong intraday supply zone
👉 As long as AVAX stays below 12.32–12.35, trend remains weak
Key Levels
Immediate Support: 12.12 – 12.10
Major Support: 11.95 (if panic continuation)
Immediate Resistance: 12.25 – 12.30
Major Resistance: 12.55
Volume & Momentum
Sell-off came with volume expansion → real distribution
Bounce volume is light → more short-covering than fresh buying
No bullish divergence visible yet on price action
Trade Scenarios
Bullish Relief Move:
15m close above 12.32 with volume → recovery toward 12.45 – 12.55
Range / Base:
Chop between 12.10 – 12.30 (scalp zone only)
Bearish Continuation:
Loss of 12.10 → downside opens toward 11.95 – 11.80
Bias ➡️ Neutral to bearish until 12.32 is reclaimed
This is a pause after a dump, not a trend change yet. Best longs only after a clean reclaim, otherwise expect more sideways or another leg down.
If you want, I can
• convert this into a Binance Feed / CreatorPad post, or
• give you a precise scalp or breakdown setup with entry, SL, and targets.
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