Lingrid | AVAXUSDT breakout of CHANNEL. Possible SHORTBINANCE:AVAXUSDT encountered a strong rejection at the resistance zone, leading to a subsequent sell-off. Despite the bulls' efforts, they were unable to muster sufficient strength to form a new high. The market has been stuck in a consolidation zone since mid-April, and I believe it may be heading towards the bottom of this range as the price has broken and closed below the upward channel. On the daily timeframe, we are currently seeing a bearish impulse leg. I anticipate the market to retest its previous lows in the coming days. My goal is to support around 29.00
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