AVAX support is lost on HTF
Updated
AVAX / USDT
We have shorted this coin few hours earlier
And resulted in nice profits ✅ but it looks like it can drop more ‼️
What we can see in chart:
1- clear big cap coin HTF chart
2- Trendline support is lost
3- Previous swing high is lost
4- Until it comes back above support the priority in short term is bearish
5- it can make a short squeeze in between but next major support is around 20$
best of wishes
We have shorted this coin few hours earlier
And resulted in nice profits ✅ but it looks like it can drop more ‼️
What we can see in chart:
1- clear big cap coin HTF chart
2- Trendline support is lost
3- Previous swing high is lost
4- Until it comes back above support the priority in short term is bearish
5- it can make a short squeeze in between but next major support is around 20$
best of wishes
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AVAX UPDATE :Looks like its going as planned
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