Technical analysis by Traderharshitt about Symbol AVAX: Sell recommendation (21 hour ago)

Description: AVAX is currently testing a critical trendline support around the $23 zone. Price has been consolidating within a descending triangle structure, with lower highs pressing down and a flat support zone being tested multiple times. The Volume Profile (VPVR) shows heavy volume concentration between $23 – $25, suggesting this area has acted as a major battleground for buyers and sellers. A breakdown from here indicates that demand is weakening, opening the door for a deeper move to lower value areas. Resistance Zones: $24.60 – $25.00 (supply overhead, capped by descending trendline) Support Zones (Targets): TP1: $19.20 (first key volume node / demand zone) Final TP: $15.60 (major liquidity area & historical support) Trade Idea: If AVAX fails to reclaim above $23.50 – $24.00 and continues lower, a short setup could unfold toward the mentioned target zones. TP1 at $19.20 is the first demand zone to watch, while the final downside target rests near $15.60. The Volume Profile significance here is that once price loses the high-volume support ($23 – $24), it may quickly travel toward lower-volume regions, as there is less historical trading activity to provide support. Key Notes: Break and close below trendline = bearish continuation. Volume confirmation on breakdown will add conviction. Manage risk properly, as false breakdowns are possible. Happy Trading, Best Regards!-Harshit Disclaimer : This is not financial advice. Please do your own analysis before entering any trade.