AVAX current price 7.3660 · 24h -1.0% · RSI 47.8｜Support 7.2790 / Resistance 7.4620, box-range high-sell low-buy
Upper distance to resistance 1.3% / lower distance to support 1.2%, oscillating in the same direction
In the midst of this range-bound move, I won’t act on AVAX; I’ll wait for a breakout above 7.4620 or a breakdown below 7.2790 before following.
As for this sell-off, I think it’s just distribution-washing of positions. If AVAX holds 7.2790, there’s still a chance.
Take my advice: this pullback looks like a shakeout, not the end point.
Everyone keeps shouting that AVAX is going to crash—I actually think 7.2790 has support.
AVAX is stuck in the 7.2790~7.4620 range. Current price 7.3660, RSI 47.8. I don’t bet on a one-way move in this kind of oscillation. I’ll only go long after a breakout of 7.4620. If 7.2790 breaks down, I’ll exit directly. I won’t do anything in between.
Don’t listen to people calling trades—watch the chart yourself, that’s the most practical. You can listen to others’ logic, but your orders must follow your own plan.
The thinking is laid out—whether it’s right depends on the market. Reference it if you want, but don’t blindly follow.
#AVAX #币安广场 #range-bound consolidation
Upper distance to resistance 1.3% / lower distance to support 1.2%, oscillating in the same direction
In the midst of this range-bound move, I won’t act on AVAX; I’ll wait for a breakout above 7.4620 or a breakdown below 7.2790 before following.
As for this sell-off, I think it’s just distribution-washing of positions. If AVAX holds 7.2790, there’s still a chance.
Take my advice: this pullback looks like a shakeout, not the end point.
Everyone keeps shouting that AVAX is going to crash—I actually think 7.2790 has support.
AVAX is stuck in the 7.2790~7.4620 range. Current price 7.3660, RSI 47.8. I don’t bet on a one-way move in this kind of oscillation. I’ll only go long after a breakout of 7.4620. If 7.2790 breaks down, I’ll exit directly. I won’t do anything in between.
Don’t listen to people calling trades—watch the chart yourself, that’s the most practical. You can listen to others’ logic, but your orders must follow your own plan.
The thinking is laid out—whether it’s right depends on the market. Reference it if you want, but don’t blindly follow.
#AVAX #币安广场 #range-bound consolidation
