$AVAX : Momentum Is Rising, but Don't Ignore the Risk of a Retracement
AVAX is now at 11.02 after gaining around 6.8% in 24 hours. An RSI of around 71 indicates strong bullish momentum, but the risk of a correction after a sharp rise should still be taken into account.
If the price can break through and hold above the nearest resistance, further gains are possible. Conversely, if selling pressure increases and the nearest support breaks, the retracement could continue.
The market always offers opportunities, but consistency comes from being able to assess risk—not merely chasing price movements.
AVAX is now at 11.02 after gaining around 6.8% in 24 hours. An RSI of around 71 indicates strong bullish momentum, but the risk of a correction after a sharp rise should still be taken into account.
If the price can break through and hold above the nearest resistance, further gains are possible. Conversely, if selling pressure increases and the nearest support breaks, the retracement could continue.
The market always offers opportunities, but consistency comes from being able to assess risk—not merely chasing price movements.