I fumbled $AVAX hard. Should’ve held the bag when it was dead and boring. I got cute, took chips off way too early, and watched it grind 66% up its 30d range while I sat there pretending I was “being disciplined” 😑
Now it’s $7.56, basically flat on the day, above the 20d and 50d MA, and even with that tiny -0.2% 4h dip it still feels heavy in a good way. Volume’s 1.2x the 20d average, RSI at 60, and longs are paying 0.010%... that’s not panic, that’s pressure.
I’d rather be patient here.
If it tags that 30d high near $8.30, I’m not chasing it like a clown again. I’d want to see if it finally pauses or just keeps squeezing like $BNB does when the market gets stubborn 🔥
#Avalanche
#Altcoin
#Layer1
Now it’s $7.56, basically flat on the day, above the 20d and 50d MA, and even with that tiny -0.2% 4h dip it still feels heavy in a good way. Volume’s 1.2x the 20d average, RSI at 60, and longs are paying 0.010%... that’s not panic, that’s pressure.
I’d rather be patient here.
If it tags that 30d high near $8.30, I’m not chasing it like a clown again. I’d want to see if it finally pauses or just keeps squeezing like $BNB does when the market gets stubborn 🔥
#Avalanche
#Altcoin
#Layer1