AVAX · 1H · SIDEWAYS

Price spent the last two weeks digesting the post-spike damage — the vertical drop from 8.30 to the 7.00 area printed the flush, and since then AVAX has been grinding a slow, choppy recovery from around 7.00 back up to where it sits now at 7.69. The previous short read was stopped out on a close above 7.45, and that stop-out was the signal: the lower-high sequence broke, and buyers have been reclaiming ground candle by candle. But I'm not calling this a clean uptrend yet — the recovery looks labored, volume is thin on the bounces, and price is now sitting directly under the 7.90 dense liquidation cluster, which is the first real overhead magnet. I'm not chasing this up into that cluster without a reaction first.

The structure gives me two honest reads. A clean hold above the 7.66 support cluster with a break and close above 7.90 would flip this bullish — 7.90 is a waypoint, the real target is the 8.09 cluster beyond it, but even 8.09 only clears 1.2:1 by a hair, so I'm using 8.30 as Target 1 and 8.09 as the waypoint to name in context. On the other side, a rejection here and close back below 7.66 puts the whole recovery in question with 7.21 as the next magnet. Neither has printed yet — I'm sitting on my hands until one of these levels resolves.