【$AVAX Signal】Short Position + Accelerating Downtrend Structure

$AVAX Is experiencing accelerated decline, with consecutive bearish candles on the 4H chart, and the price has broken below the previous consolidation zone. Funding rates have turned negative, indicating market sentiment is turning bearish, but open interest has not decreased significantly, suggesting the downward momentum may continue.

🎯Direction: Short (NoPosition)

The current market shows a clear downtrend, with the price being suppressed by moving averages on the 4H chart, and each rebound peak is decreasing. The order book shows selling pressure concentrated around 9.247-9.249, with weak and scattered buying support. The negative funding rate indicates bearish sentiment is building, but open interest has not dropped sharply, ruling out a simple long liquidation. It is more likely that major funds are continuously flowing out or actively shorting. The price has not yet shown a clear bottoming or accumulation pattern; any counter-trend rebound is high risk. Wait for the price to form a clear bottom pattern (such as a volume-increasing bullish candle or divergence) or to break above a key resistance level (like 9.5) before considering a trend reversal.

Trade here 👇 $AVAX

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#Is the current market bottoming or just watching?