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.

$BTC $ETH
AVAX4.06%
BTC0.43%
ETH0.27%
View Original
post-image
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
  • Pinned