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$AVAX Currently around 9.340 USDT. Do you think we should keep grinding higher, or is it about time for a pullback? $AVAX
If I were to give a conclusion, I would lean more towards: a surge up first, then a shakeout.
Here's my main perspective:
First, the continuation after a surge is usually weak, and chasing long positions often ends up at awkward levels.
Second, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
To add one more point, structure is set on the 15-minute chart, confirmed on the 5-minute, and the 1-minute is only for fine-tuning entry points. No 1-minute breakouts without 5-minute confirmation, I won't trade.
Suggested entry price: 9.415 USDT
Keep an eye on this take-profit level: 8.854 USDT
Defensive level reference: 9.639 USDT
If the volume breakout you’re worried about actually happens, it’s not much more costly than chasing the move early; wait for volume to stabilize and then follow, the success rate is much higher than pre-emptive positioning.