AVAX - Getting OverSold!

AVAX has been trading within a large range, with buyers and sellers repeatedly respecting its major support and resistance zones. 📊

Now, price is approaching the lower boundary of the range, which also aligns with a key demand zone.

📌 As long as this support continues to hold, we will be looking for buy setups, anticipating another bullish rotation toward the upper boundary of the range.

Trading ranges often provide some of the highest-probability opportunities when price reaches their extremes. Instead of chasing the middle of the range, we will wait for bullish price action confirmation around support before considering long positions.

Will buyers defend this demand zone once again, or will sellers finally force a breakdown? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr