AVAX · 1H · DOWNTREND

The structure here is unambiguous — AVAX has been printing lower highs and lower lows since early May, with the decline accelerating sharply from ~8.60 into the current 6.53 area. The sell-off into early June is nearly vertical with no meaningful consolidation, which tells me sellers are completely in control and there's no base being built. Volume spiked on the breakdown legs, confirming distribution, not accumulation. I'm not fading this — the path of least resistance is still down.

Setup: SHORT

- Entry: 6.80 (dead-cat bounce into nearest overhead resistance)

- Stop Loss: 7.10

- Take Profit 1: 6.20

- Take Profit 2: 5.80

- Risk/Reward: 2.0:1

- Confidence: HIGH