$AVAX

📊 Trade Setup

- Entry Zone: $8.53 – $8.60

- Take Profit 1: $8.40

- Take Profit 2: $8.25

- Take Profit 3: $8.00

- Stop Loss: $8.75

AVAX is under heavy selling pressure, sliding beneath key moving averages with no signs of recovery yet. The rejection from $8.97 and failure to hold above $8.60 confirm bearish dominance, opening the door for deeper downside.

🔎 Market Outlook

Momentum remains bearish with price trading below MA(25) and MA(99), reinforcing downside bias. The $8.53 support is fragile, and a decisive break could accelerate toward $8.25 and $8.00. Volume confirms sustained sell pressure, while resistance at $8.66–$8.75 caps any short-term recovery attempts. Bulls must reclaim $8.75 to shift sentiment, but for now, sellers remain firmly in control.

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