Lingrid | AVAXUSDT breakout of CHANNEL. Possible SHORT

12 Jun 2024

AVAXUSDT encountered a strong rejection at the resistance zone, leading to a subsequent sell-off. Despite the bulls' efforts, they were unable to muster sufficient strength to form a new high. The market has been stuck in a consolidation zone since mid-April, and I believe it may be heading towards the bottom of this range as the price has broken and closed below the upward channel. On the daily timeframe, we are currently seeing a bearish impulse leg. I anticipate the market to retest its previous lows in the coming days. My goal is to support around 29.00


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

15 Jun 2024

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