$AVAX is in a descending trend channel.

There are two possibilities:

A double bottom is formed here and it rises again to the level of 29-30. If this happens, it can be traded after breaking through 27, with the target being these levels I mentioned.

If it continues to move down along the descending trend channel, it will reach the channel support level. In my opinion, this downward scenario is more likely.

My trading points are as follows:

Short order 10x leverage

Entry price: 24.30

Stop loss price: 24.95

Target price: 22.25

(Note to currency friends: Click on the currency symbol (yellow font) in the post to buy spot. Click on the rectangular box at the end of the post to buy contracts. Pay attention and don’t get lost!)$SOL $BNB

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