AVAX has been one of the bigger winners since the summer-21 bear market. However, it seems that AVAX is currently seeing some bearish price action together with BTC's distress.
AVAX's worst case scenario would be a sharp drop, all the way to the lower support. Be aware that such a sharp drop will most likely go hand-in-hand with a sharp drop in BTC's value, potentially targeting 30k.
In case something like that happens, it's better to be prepared. So, in case we're going to see a massive drop in the coming weeks/months, I'm looking at the yellow area for a potential entry. Be aware I'm not saying we will go there, only my actions in case we get there.
Happy trading!
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