$AVAX just ran +10%… but I'm not chasing it. 👀
AVAX: ~$9.80
24H: +10.4%
High: $10.82
Futures longs: 2.4:1
The move is real.
But positioning is getting crowded too.
My read: bullish momentum, cautious entry.
If AVAX breaks $10.82 with fresh momentum → interesting.
If it gets rejected there → those crowded longs could become the fuel for the pullback.
Breakout or long trap?
AVAX: ~$9.80
24H: +10.4%
High: $10.82
Futures longs: 2.4:1
The move is real.
But positioning is getting crowded too.
My read: bullish momentum, cautious entry.
If AVAX breaks $10.82 with fresh momentum → interesting.
If it gets rejected there → those crowded longs could become the fuel for the pullback.
Breakout or long trap?
