$AVAX When I was just checking the unusual movement leaderboard, I noticed something off. Let me tell the brothers.
It’s up 9.6% in 24 hours, with trading volume of 120 million U. The key is that the volume is 2.1 times the 7-day average volume—this breakout volume is real. But when I looked at its performance over the past 7 days, it’s only up 1.9%, and the current price is sitting right around the 68th percentile of the 7-day range.
So what does that mean? It only just started moving—everything before was basically sideways for a week.
This kind of structure I’m familiar with. It’s like funds just came in to ignite the move: volume follows through, and it hasn’t really risen much beforehand, so the position isn’t high. This one I’m not afraid of.
I’m planning to enter the market to test it with just a small position—only that amount. If it drops below the cost line of what I enter today, I’ll get out. For something like AVAX, an old major coin, once it plays catch-up it usually doesn’t end after just one day of gains—but it can also fake people out, so the position size has to be tightly capped first.
Don’t learn from me and go all in—that has nothing to do with me. $AVAX
It’s up 9.6% in 24 hours, with trading volume of 120 million U. The key is that the volume is 2.1 times the 7-day average volume—this breakout volume is real. But when I looked at its performance over the past 7 days, it’s only up 1.9%, and the current price is sitting right around the 68th percentile of the 7-day range.
So what does that mean? It only just started moving—everything before was basically sideways for a week.
This kind of structure I’m familiar with. It’s like funds just came in to ignite the move: volume follows through, and it hasn’t really risen much beforehand, so the position isn’t high. This one I’m not afraid of.
I’m planning to enter the market to test it with just a small position—only that amount. If it drops below the cost line of what I enter today, I’ll get out. For something like AVAX, an old major coin, once it plays catch-up it usually doesn’t end after just one day of gains—but it can also fake people out, so the position size has to be tightly capped first.
Don’t learn from me and go all in—that has nothing to do with me. $AVAX
