Down 11.92% in a day—that’s like watching more than a tenth of your money disappear overnight. $AVAX is trading at 7.13, just a step away from its 24-hour low of 6.74. Anyone who was watching it hover near the highs yesterday is probably feeling a sinking feeling when they check the market today.
This kind of decline is the most agonizing: it doesn’t plunge straight to the bottom; it keeps edging down toward the low, leaving you wondering every day whether it’s finally hit bottom. If it breaks below 6.74, there won’t be much of a cushion underneath.
I’m inclined to sit tight for now, since the broader market is also falling, and buying the dip on a single coin would mean going against the whole market. But if it holds 6.74 and doesn’t make a new low, I’ll change my mind immediately—that would mean buyers have finally returned.
For those holding $AVAX , be honest: are you more tempted to buy more, or to get out?
$AVAX
#AVAX #MarketAnalysis
This kind of decline is the most agonizing: it doesn’t plunge straight to the bottom; it keeps edging down toward the low, leaving you wondering every day whether it’s finally hit bottom. If it breaks below 6.74, there won’t be much of a cushion underneath.
I’m inclined to sit tight for now, since the broader market is also falling, and buying the dip on a single coin would mean going against the whole market. But if it holds 6.74 and doesn’t make a new low, I’ll change my mind immediately—that would mean buyers have finally returned.
For those holding $AVAX , be honest: are you more tempted to buy more, or to get out?
$AVAX
#AVAX #MarketAnalysis