$AVAX is currently facing key resistance ahead, and without a strong breakout of the resistance line, one can consider entering a short position near the resistance level. From a larger time frame perspective, the crypto market is still in the correction phase of a bull market. From a smaller time frame perspective, during last week’s decline, the rise a few days ago and today’s rise can be viewed as a two-phase correction. After completing the correction, it will continue the original trend and initiate a new round of decline.
Take profit: Set at the previous low
Stop loss: If the resistance level is broken and holds, then take loss. $AVAX