Chasing the top gainer loses because you’re buying at the high of the move.
$AVAX is down 0.1% today.
Price is $7.40 sitting at 70% of its 24h range ($7.2570 to $7.4620).
That means 30% of today’s entire price movement has happened above you.
Volume is 0.4x the 7-day average weak interest.
The last 1h swing high was $7.4620. Buyers there lost 0.8% in the next hour.
Who’s selling to you at $7.40? The same people who bought at $7.46 and got stopped.
Wait for a break of the 1h swing low or high don’t guess the top.
What’s your rule for avoiding the top gainer trap?
#TradingTips #AVAX
Not financial advice. My levels, my risk.
$AVAX is down 0.1% today.
Price is $7.40 sitting at 70% of its 24h range ($7.2570 to $7.4620).
That means 30% of today’s entire price movement has happened above you.
Volume is 0.4x the 7-day average weak interest.
The last 1h swing high was $7.4620. Buyers there lost 0.8% in the next hour.
Who’s selling to you at $7.40? The same people who bought at $7.46 and got stopped.
Wait for a break of the 1h swing low or high don’t guess the top.
What’s your rule for avoiding the top gainer trap?
#TradingTips #AVAX
Not financial advice. My levels, my risk.