For me 65772 shouldn't be broken if we targeting a new high ,it should be a protected low and it's not any more. Also by broke it formed a breaker. U can wait a retracement and take a big short.
Expecting the price will move up to 70600then drop down to the 4h area where the fvg is,with a possible sweep to the wick down A good risk to reward trade...
Short setup After make a mss on 15min Take a short from pd.arry on 4h Targeting the other pd.arry in opposite side. Small stop loss
The price will continue down till the pd.rarry on 4H( rejection block,mitigation block, CSD block) On the same way on daily the area is csd block, +the price took the dol on the top and make retracement on daily and 4h time frim We will wait a confirmation on 15 min And 1h The target is the liquidity above the top (2.5)
I arrive the target On 4h made a head and shoulder The stop lose one day tf close below the range..
Depending on smc structures And fibo levels+ price angels Avax will drop till 12.10_12.03 And then continues upward
Keep moving in the down trend to the target Its daily time frame This analysis depends on smc ,gann methods Which I found 0.0005 the strongest price to be the real bottom
Possible scenario I think only the level down can push up the price Coz a good klaster
As we see the rang holding for a while and with the BBC squeeze we can expecting upward move and hit the targets