Lingrid | AVAXUSDT potential CHANNEL breakout

AVAXUSDT made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new, strong bullish move. Price action broke through the key level at 35.00. I think it might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the daily timeframe, we have bearish impulse legs. I expect the market to break through the channel border and retest the previous lows. My goal is to support around 31.50


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