Level one confirmed… the price reached 8.4, exactly as we expected yesterday after rejecting the first resistance.
But the move hasn’t revealed all its cards yet.
There’s liquidity waiting below the price, specifically around 8.1, where the pain zone for Long positions is concentrated, while the real demand zone is near 7.9.
So I don’t think chasing a buy at current levels is a smart decision. If you’re looking for a better entry, keep your eyes on 7.9. That’s where the equation could change completely.
$AVAX
But the move hasn’t revealed all its cards yet.
There’s liquidity waiting below the price, specifically around 8.1, where the pain zone for Long positions is concentrated, while the real demand zone is near 7.9.
So I don’t think chasing a buy at current levels is a smart decision. If you’re looking for a better entry, keep your eyes on 7.9. That’s where the equation could change completely.
$AVAX
