AVAX - Rejected at Range High, Now Testing Mid-Zone Support

AVAX just printed a textbook range rejection from the $26–27 resistance zone, which has capped price action since April. After rejecting the 50/100 EMA cluster, price is now testing mid-range support around $21.50 — a level that has historically offered short-term bounce opportunities or clean breakdown setups.

📌 Key Zones:

Top Resistance (~$26.50–27): Strong sell zone — multiple rejections

Mid-Range (~$21.50): Currently being tested for a possible bounce

Bottom Support (~$18.20–19): Range base with prior reversal history

📉 Reclaiming the EMAs could suggest another trip toward the highs, but failure to hold $21.50 opens the door to a deeper move toward $19 — or even a range breakdown if broader momentum weakens.

This chart highlights the importance of range trading structure — clean rejection up top, bounce attempt in the middle, and final line in the sand at the bottom.

Trade Idea Scenarios:

Bullish: Bounce + reclaim of $23.50 EMAs = long toward $25+

Bearish: Breakdown below $21.50 = short toward $19 or lower

How are you playing this range? 👇