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$AVAX The current price is approximately around 9.38 USDT. Today’s price change is about -0.42%.
For me, the focus is not on how much it has risen, but whether it’s a good entry point.
In the short term, I still lean towards bearish.
Now, a few points worth paying attention to:
First, the continuation after the surge is average, chasing long positions easily ends up in an awkward position.
Second, the order book shows some signs of stagnation, continuing to chase aggressively is not cost-effective.
Additionally, the active buying volume is not decisive enough, and there’s still a lack of momentum for an upward breakout.
Suggested entry price: 9.455 USDT
Estimated target price: 8.892 USDT
Position to exit if wrong: 9.680 USDT
If the price doesn’t reach the level, better to wait and not force a trade.