Just now that quick drop had many people only reacting after the fact. The rally earlier in front of $AVAX was more like a bull trap—it wasn’t genuine strength.

I took my short from 9.312. Back then, the key thing was that the upper critical level was repeatedly tested and failed. The price looked like it was still wobbling, but the active buy-side orders were clearly no longer keeping up. Now the current price is at 6.452, with returns showing +2183.07%, and the room for volatility has opened up. Holding a position at this point means you don’t need to be stubborn.

The easiest mistake to make during the session is thinking that after a small rebound, the decline can’t go any lower. But here, every rebound didn’t change the weak structure—instead, it gave the shorts another chance to keep pressing the price down. A lot of people got shaken out by short-term back-and-forth, and the real continuation came later.

If you currently have profit, don’t get greedy and lose your rhythm. You can handle it in 80/20 portions, and keep the remaining position guarded at the key level. If you missed the move, don’t chase lower prices—wait for the next time the level is confirmed, then make your move when you feel comfortable.

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