AVA
Short

AVAUSD – Massive Rejection at Supply Zone! Next Big Drop?

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Price just rejected hard from the major Supply Zone (0.704 – 0.739) — look at that strong bearish reaction after tapping into high-volume resistance. This zone also aligns with a visible peak in the Volume Profile, signaling strong seller interest.

What’s happening now?

Price is currently trading at 0.673, just below the key resistance.

Immediate support sits at 0.606, and a break below that opens the gate to 0.498 (previous demand + high volume node).

Momentum looks exhausted after the spike, and the market structure hints at a possible reversal to the downside.


Key Zones to Watch:

Supply Zone: 0.704 – 0.739

Immediate Support: 0.606

Major Demand Zone: 0.450 – 0.498


Trade Idea:
If we see a lower high around 0.680 – 0.700, I’m looking for short opportunities targeting 0.606, and possibly 0.498 if the bearish pressure continues.

Bearish confirmation will be stronger once we get a clean break + retest below 0.606.

What do you think? Will AVAUSD crash from here or bounce again? Drop your thoughts below!

#AVAUSD #CryptoAnalysis #PriceAction #SupplyDemand #VolumeProfile #FrankFx

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