$AVAX can’t seem to get slammed in the short term; over the next three days, it’s going to pull at least 10 percentage points+—no suspense.
Yesterday it dropped into that pin-bar K-line around 6.102 with a lower shadow. The corresponding buy-accumulation volume is about 3 times the peak sell-off volume from the past 7 days. The bids supporting the downside are stacked clearly and plainly; there’s simply no room left for the shorts to keep kicking it lower. Also, the trading volume is down by nearly 30% compared to the last few days, and the “floating supply” has already been washed out.
This morning, I placed a small-position long at 6.2. I’m currently only up just over 2% in floating profit. Here’s the explicit signal: go long. Entry zone: 6.1–6.3. First take-profit: +7 dollars. Stop-loss: 5.9. If it breaks down, just admit it and exit immediately—no hesitation.
Do you think I’m right or wrong? Comment and pick a side. Three days from now, we’ll come back and verify the results one by one.
#AVAX
Yesterday it dropped into that pin-bar K-line around 6.102 with a lower shadow. The corresponding buy-accumulation volume is about 3 times the peak sell-off volume from the past 7 days. The bids supporting the downside are stacked clearly and plainly; there’s simply no room left for the shorts to keep kicking it lower. Also, the trading volume is down by nearly 30% compared to the last few days, and the “floating supply” has already been washed out.
This morning, I placed a small-position long at 6.2. I’m currently only up just over 2% in floating profit. Here’s the explicit signal: go long. Entry zone: 6.1–6.3. First take-profit: +7 dollars. Stop-loss: 5.9. If it breaks down, just admit it and exit immediately—no hesitation.
Do you think I’m right or wrong? Comment and pick a side. Three days from now, we’ll come back and verify the results one by one.
#AVAX