Description
⋅ Evening Traders,
Today’s analysis – AVAXUSDT – trading under a very key order block where a continuation towards the downside is possible,
Points to consider,
- Price Action Impulsive
- Bearish OB Resistance
- Single Print Fill
- Low Volume
AVAXUSDT’s immediate price action is trading under a key resistance area where a rejection is likely to have follow through,
The Bearish OB has failed to break with any conviction, this will lead to a further bearish expansion.
The immediate objective is the lower support levels, holding these regions is critical for a bounce back up.
Overall, in my opinion, AVAXUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones