AVAX double-bottom confirmation: targeting $7.50AVAX / TetherUSBINANCE:AVAXUSDT3CommasThe Macro Picture 🗺️ Two trading sessions after the June 20 post-flush reversal call, AVAX returned to the $5.85 cycle low for a clean second test and held — printing a textbook double bottom at exactly the high-confluence demand zone flagged in the prior idea. The depth of the original flush already cleared the late capitulation supply, and the second touch has now confirmed that buyers are willing to defend this level even after the initial bounce attempt failed. With RSI's bullish divergence reinforced by a higher low on the retest, the structural reversal setup is no longer just probable — it is actively forming. The Setup ⚙️ The Floor: The $5.85 zone has now held twice in three trading sessions, transforming from a panic-flush wick into a confirmed structural demand area. This is the high-confluence base the post-breakdown structure desperately needed, and it lands directly inside the weekly demand pocket where larger players have historically scaled in. The Confirmation: A double bottom only matters when it pairs with momentum confirmation, and that is exactly what RSI is delivering — the second cycle low printed with a clearly higher RSI low than the June 20 capitulation print. Bears have had two attempts to break the floor and failed both times, transferring control to buyers as long as $5.85 holds. The Trigger: The $6.50 mini-range mid is the structural pivot — a clean daily close above this level would trap shorts positioned for a third-touch breakdown and trigger buy stops parked above the consolidation pocket, opening the path into the $7.00 first overhead supply. The Roadmap: Primary target sits at $7.50 — as indicated by the white projection, price should first consolidate inside the $5.85–$6.50 demand pocket before reclaiming the trigger and pressing into the lost-floor resistance band overhead. Invalidation: a sustained daily close below $5.50 would invalidate this reversal thesis and expose the $5.00 psychological pocket as the next liquidity target.