$AVAX It’s currently hovering around 9.07 USDT. Today, the price movement is about -2.68%.


For me, the focus isn’t how much it has risen, but whether this is a good place to make an entry.
For the short term, I still lean bullish.
At this level, I’ll first look at the following:
First, the order book hasn’t shown continuous heavy selling; in the short term, it looks more like consolidation rather than a shift to weakness.
Next, the pullback in strong coins isn’t deep, which indicates buyers are still willing to take in.
Also, after the dip, the rebound/support is still there, and there hasn’t been any clear retreat in the aggressive buy orders.
I’d rather follow this line of thinking: buy low following the trend after support is confirmed.
The entry level I’ll watch: 9.007 USDT
Estimated target price: 9.552 USDT
Stop-loss reference: 8.789 USDT
If the price doesn’t reach the level, it’s better to keep waiting—don’t force the trade. ‌
AVAX1.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments