Technical analysis $AVAX day 03-Jul

On the weekly frame: The Weekly Zone (demand zone) around $20 is an important support zone, capable of holding the price in case of a strong downtrend. This is an area where strong buying pressure can appear.

On the daily frame: The Daily Zone (supply zone) near $35 is where the price may encounter strong selling pressure. If the price approaches this zone, many sell orders may appear, pushing the price back down.

Currently, the price $AVAX is in a short-term downtrend, the price has dropped from the supply zone around $35 and is likely to continue to fall to the demand zone around $20.

Our current action should be to wait for the price to reach the $20 demand zone to consider buying if there are signs confirming a price increase.

If the price breaks the $20 zone, continue to monitor and wait for a stronger buy signal at the lower demand zone.

Avoid buying when the price is in a downtrend, unless there is a clear reversal signal.

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