Is #AVAX Ready For a Massive Bearish Move or Not? Must Watch

Yello Paradisers! Have you been keeping an eye on what’s happening with #AVAXUSDT? If not, you might be walking straight into a bearish trap. Let's break down the #Avalanche setup:

💎#AVAX has been trading inside an ascending channel, clearly respecting both the ascending support and resistance. We’ve now seen multiple strong rejections from the upper boundary, and most importantly, the 50 EMA is now acting as resistance, reinforcing a growing bearish bias across the board.

💎Current price of #AVAXUSD is $17.26, and we’re hovering just above the key ascending support. A clean breakdown below this support, followed by a bearish retest, would flip the structure and significantly increase the probability of a sharp bearish continuation.

💎If this bearish scenario plays out, we’re targeting the next Support Zone around $14.24. But that’s not where the real pain ends. The real liquidity is parked in the Strong Demand Zone around $12.07, where we could see aggressive buyer activity re-enter—if the market doesn’t capitulate first.

💎This entire bearish setup becomes invalid only if #AVAX manages to reclaim the $20.19 resistance zone. A breakout above that would invalidate the breakdown scenario and likely open the gates for a fast rally into the $22+ region.

Trade smart, Paradisers. This setup will reward only the disciplined.

MyCryptoParadise
iFeel the success🌴