🤖 AI Insight

Based on the 1-day chart, AVAXUSDT appears to be in a downtrend. Here are my observations and recommendations:

* MACD is bearish, indicating a potential continued downtrend.
* RSI is oversold, suggesting a potential short-term bounce, but the volume trend is decreasing, indicating a lack of conviction.
* Resistance is at 26.84, which could be a potential target for a short-term bounce.
* Support is at 14.66, which could be a potential target for a further decline.

For a Long/Short entry:

* I would recommend waiting for a bounce off the support level (14.66) before entering long, with a target of 16.50 (EMA25).
* For a short entry, I would look for a break above the resistance level (26.84) with a target of 28.50.

For a spot buy:

* I would advise waiting for a strong bullish candle or a break above the EMA25 (18.687257945649) with a target of 20.00.

Please keep in mind that these are just technical observations and do not take into account fundamental analysis or market news. It's essential to use multiple analysis methods and consider your own risk tolerance before making any trading decisions.