$AVAX The strategy stays the same: large caps + RWA, a barbell approach. Exit spot positions for now.
Up 43% this month, but the weekly chart has barely moved—the upside momentum is clearly lagging.
$2 billion worth of grain has been tokenized as collateral. Institutional lenders have bought in, but on-chain activity hasn’t followed, and the 10.97U support level has broken.
【Bearish thesis】
I didn’t dare add before, and after this rally, I definitely shouldn’t chase.
The locked-up value hasn’t translated into activity, and support has broken. Exit for now. We’ll reassess if it gets back above that level. $
Up 43% this month, but the weekly chart has barely moved—the upside momentum is clearly lagging.
$2 billion worth of grain has been tokenized as collateral. Institutional lenders have bought in, but on-chain activity hasn’t followed, and the 10.97U support level has broken.
【Bearish thesis】
I didn’t dare add before, and after this rally, I definitely shouldn’t chase.
The locked-up value hasn’t translated into activity, and support has broken. Exit for now. We’ll reassess if it gets back above that level. $