🔥 AVAX Deep Oversold Bounce Play

AVAX has been on a massive losing streak for well over a year now. Even with BTC being relatively bullish in 2023, AVAX has made a new bear-market low last week.

Nevertheless, this token enjoys a lot of popularity across the internet. With AVAX trading in a historically very strong area of support and the 3-day RSI hitting oversold recently, I think it's time to scout for a potential reversal trade.

Stop just below the recent lows, target at 30$. More defensive traders might want to take (partial) profits around 20$.