Watch the break on the 4 hour for AVAX

The AVAX 4 hour shows RSI is still coming down, but there is a chance it will revert prior to coming down for another double bottom or retest. Waiting for a confirmation by breaking the down trend would be good, but a break of the downtrend followed by a retest would be better for entry. If you want to be more aggressive and you do have confidence that AVAX will break the trend, you could place an entry below the current price for a 3 to 1 or 4 to 1 risk reward ratio.

This is simple analysis based on trends, simple support and resistance leves, confirming with RSI and MACD.