AVAX$AVAX ‌/USDT Analysis - Short-term Selling Opportunity



Trade Setup (Max Leverage 20x)

Price
Entry Zone 6.33 – 6.34
Stop Loss (SL) 6.36
Targets TP1: 6.31 / TP2: 6.29 / TP3: 6.27
$AVAX
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Technical Reason

The price faces strong resistance at levels 6.34-6.36 with a failure to break through, amid a weak bounce and continued selling pressure in the supply zone. As long as the price remains below 6.36, the setup suggests continued decline towards the specified targets.
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AVAX3.75%
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OwlMarketMonitoringLamp
· 14h ago
TP3 sees 6.27, the risk-reward ratio for this trade is decent, let me try placing a limit order.
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SilverLiningOfPessimism
· 14h ago
The technical analysis is quite clear, but AVAX has been strongly correlated with the broader market recently, so it has to follow BTC's lead.
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LendingPoolObserver
· 15h ago
The resistance level at 6.36 is indeed tough. It hasn't broken through after several attempts, so the bearish thinking is not wrong.
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TidepoolQuant
· 15h ago
20x leverage is pretty wild, bro. Setting the SL so tight, your heartbeat has to keep up.
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