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💫💫 AVAXUSDT BREAKS DOWN FROM LARGE WEDGE
⚠️ Price has sliced through a multi-month descending wedge support that held for over 280 bars, signaling a structural shift.
———————
#AVAXUSDT is now trading at 6.585 after breaking the wedge's lower boundary near 5.681. The breakdown confirms the end of the compression phase, with bears gaining full control. The 4h structure shows no immediate recovery attempt, and the price is now drifting toward the nearest demand zone.
📊 Structure
• Large descending wedge breakdown confirmed — support at 5.681 gave way
• Strong resistance cluster overhead from 6.683 to 7.088 caps any bounce
• Momentum favors downside continuation with no bullish reversal pattern yet
🔗 Key levels
Resistance: 6.683 (wedge resistance), 7.088 (horizontal resistance zone)
Support: 5.681 (nearest support zone), 5.037 (secondary support)...
$AVAX #SummerCreationCamp