$AVAX volume is dying while price sits at 8.9290
I am passing on $AVAX right here because volume is only 0.4x the weekly average
This price action is entirely hollow with no real market backing the current move
I need an hourly close and hold above 9.0280 before considering longs
Alternatively I want to see a pullback hold 8.7440 and bounce cleanly
It could keep running without me and a bad entry costs more than a missed move
Chasing $AVAX here or waiting for 8.7440
#AVAX #RiskManagement
I am passing on $AVAX right here because volume is only 0.4x the weekly average
This price action is entirely hollow with no real market backing the current move
I need an hourly close and hold above 9.0280 before considering longs
Alternatively I want to see a pullback hold 8.7440 and bounce cleanly
It could keep running without me and a bad entry costs more than a missed move
Chasing $AVAX here or waiting for 8.7440
#AVAX #RiskManagement