AVAX on Thin Ice: Is a Major Breakdown About to Start?

Yello Paradisers, are you seeing what’s happening on AVAX right now? The chart is flashing multiple warning signals that could trigger a heavy downside move if bulls don’t step in quickly.

💎 Currently, AVAXUSDT has formed a clear double top pattern, backed by bearish divergences across RSI, MACD, and Stoch RSI. When all three indicators align in this way, the probability of a bearish continuation increases significantly, and ignoring these signals could prove costly.

💎 For aggressive traders, even entering from the current levels could still offer a decent 1:1 risk-to-reward ratio. However, for those taking a safer and more disciplined approach, it is far better to wait for a pullback into resistance and then watch for a bearish candlestick confirmation before committing. This method not only increases the probability of success but also improves the overall risk-to-reward setup.

💎 That being said, there is one clear invalidation point. If price breaks out and closes above the resistance zone, the bearish outlook will be completely canceled. In that case, the smarter move is to remain patient and wait for new price action to form rather than forcing a trade.

🎖Remember, Paradisers, patience and discipline always pay off in the long run. Chasing every setup is what gamblers do—waiting only for the highest probability confirmations is what separates true professionals from the crowd.

MyCryptoParadise
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