Here’s a clue to where the money is flowing:
The daily chart for $AVAX has fallen below the MA50 (9.4913).
Many trend-following and quantitative funds watch medium- to long-term moving averages like this. A break below one can often trigger stop-losses and position reductions. Watch to see whether buyers step in at lower levels.
Where do you think it goes from here?
Don’t use this as a basis for making trades.
The daily chart for $AVAX has fallen below the MA50 (9.4913).
Many trend-following and quantitative funds watch medium- to long-term moving averages like this. A break below one can often trigger stop-losses and position reductions. Watch to see whether buyers step in at lower levels.
Where do you think it goes from here?
Don’t use this as a basis for making trades.