Technical analysis by truepersonal about Symbol AVAX: Sell recommendation (3/11/2024)

Analyzing the chart, it becomes obvious that the price is trading within the global resistance zone spanning from 44 to 56.Given this context, it is wise to look for attractive short-term setups, as they are quite reasonable at this stage.The initial target could be to remove liquidity behind the wick (x) at 27.24, and further targets could be to fill the imbalance on the daily timeframe (FVG) around 23.70.The third target involves withdrawing liquidity at 18.90(x) and then targeting a significant imbalance (FVG) over a one-week period.Here we can already start looking for good setups in the downward movement, we are waiting for our confirmation!I don't believe we can break through that kind of resistance one time.We are approaching the first zone, from where I will close a short position