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Just now in this downward pressure, the rhythm of $AVAX was much cleaner than before. The rebound did not continue to expand, but instead was repeatedly suppressed at high levels. At such a position, I generally don't rush to short; I first observe whether the support is broken.
My focus is around 6.703. After opening a short there, the price was pushed down all the way to 6.459. Although there were several pullbacks in between, the strength was insufficient, and the bearish rhythm was not disrupted.
Now this long position has a floating profit of +258.28%, realizing the earlier judgment. At this point, I care more about profit protection and don't want to give back the space that has already been established due to short-term fluctuations.
Next, I will still focus on the structure and not be led by a small rebound. In trading, being able to stick to execution is more important than temporary excitement.
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