$AVAX /USDT

AVAX is currently holding strong at the lower border of the descending triangle pattern on the weekly timeframe

This level has acted as a key support zone, and price reaction here is crucial. Historically, strong bounces from this structure can lead to a solid relief rally or even a trend reversal if volume steps in.

Why this level matters:

Major weekly support confluence,

Liquidity resting below the triangle,

Potential for short squeeze if buyers defend.

As long as the support holds, this could be a strategic accumulation zone for mid-to-long term positioning.

A clean weekly close below support would invalidate the bullish outlook and open downside continuation.

Always manage risk properly.

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