$AVAX
Avalanche has broken below key intraday support with lower highs forming, confirming bearish momentum after rejection near resistance. Price action is maintaining a downside structure on lower timeframes with weak buying interest and increasing sell pressure. As long as price remains under the recent breakdown zone, further downside continuation is likely.
ENTRY: Short on minor pullback to resistance zone
SL: Above previous swing high zone
TP1: First support zone
TP2: Deeper demand zone retest
TP3: Major support area continuation
Market remains weak below resistance structure; trend favors continuation until buyers regain strength above broken structure.
Risk Management: Risk 1-2% only, move stop to break-even after TP1, avoid over-leveraging.
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