It appears to be on the brink of a captivating shift, showing signs of waning momentum and a potential downward trajectory.๐
๐ After its initial touch on the OB, AVAX experienced a robust rejection. However, the subsequent 2nd and 3rd touches seemed less forceful. What's the implication? It suggests a depletion of liquidity, hinting at a possible move to address the Bullish Order Block, leaning towards a downward continuation.
๐ Alternatively, there's a chance that the price might bounce back from the previous order block, setting its course upwards.
๐ In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey