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This empty order finally got filled. When $AVAX was pushed down from the highs, the chart was no longer a simple pullback—it was that the bulls couldn’t hold it anymore.
What I was watching at the time was the rebound strength around 9.312. The price surged up but couldn’t keep adding volume; instead it started to form upper wicks frequently. That showed there was heavy selling pressure overhead. Many people were still waiting for another push higher. My view was that the rhythm had already changed here, so the short position didn’t hesitate.
Now 6.662 is already out, and +2020% is in hand. The market’s upside/drawdown space was released pretty decisively. The real key isn’t the drop itself, but that after bearing pressure at the high level it didn’t quickly reclaim. Once this structure is confirmed, it makes the extension for the shorts even more comfortable.
For brothers with positions, you can process 80/20 in batches for some of it, and keep the rest with good protective levels while continuing to watch. Don’t let profits give back too much. If you didn’t get in, don’t force a chase—after it drops, chasing later can easily get you washed out by a rebound. Wait for the next more comfortable spot.
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