$AVAX
AVAX is where the screen starts flashing a warning.
The displayed price is around 6.287 dollars, with market capitalization near PKR 748 billion and a 24 hour decline of minus 1.53 percent.
This is not the strongest coin on the board right now, but weakness can create opportunity if buyers step back in at important support.
The area around 6.20 to 6.30 dollars is the first zone I am watching. If AVAX can stabilize here and volume starts increasing, the market could begin testing higher resistance zones.
The first thing I need is confirmation.
I want to see selling pressure slow down. Then I want to see spot volume increase on green candles. After that, I would watch whether Bitcoin remains stable and whether the broader altcoin market starts recovering.
Whale activity is also important here. Large AVAX transfers can increase volatility quickly, but I would not automatically interpret them as accumulation. The reaction in price and volume after those transfers matters more.
If AVAX loses the 6.10 area with strong selling pressure, the setup becomes significantly weaker. If it holds and starts reclaiming 6.50, the recovery case becomes more interesting.
EP: 6.25 to 6.35
TP: 6.60
TP: 6.95
TP: 7.40
SL: 6.05
This is not a chase setup. It is a watch-and-confirm setup.
AVAX is currently showing weakness, and weakness only becomes an opportunity when buyers prove they are willing to defend the level.
The market feels quiet now. But if buyers return, this is one of the names I will be watching for a reversal.
I am ready for the move.
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