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#AVAX利好短时上涨6.4% $AVAX rose 6.78%, while OI increased 15%. These newly opened positions may be more worth watching than the price in the days ahead.

24-hour futures trading volume was $317 million. The price surged from around $8 to 9.01, then pulled back to 8.60. Funding rates remain negative, indicating that shorts are still paying to hold their positions, but that alone does not mean a short squeeze is inevitable.

This trade leans bullish for a simple reason: 4-hour volume expanded as the price broke above the previous consolidation zone around 8.40, and it has not yet fallen back below it after the pullback.

8.55–8.60 can serve as an observation zone for long positions, with a stop-loss at 8.42. The first target is 9.01, followed by 9.17. An entry at 8.60 gives a risk-reward ratio of about 2.28 to the first target.

If the price falls back to around 8.40, the previous breakout needs to be reassessed.

It’s not surprising that the price failed to hold above $9. The key is whether this pullback will give back all the gains from the breakout. #WCTCS9 $AVAX
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NorthStarAlpha
#AVAX利好短时上涨6.4% $AVAX rose 6.78%, while OI increased 15%. These newly opened positions may be more worth watching than the price from here.

24-hour futures trading volume was $317 million. The price surged from around $8 to 9.01, then pulled back to 8.60. The funding rate remains negative, indicating shorts are still paying holding costs, but that alone doesn't mean a short squeeze is guaranteed.

This trade leans long for a simple reason: 4-hour volume surged as the price broke above the previous consolidation zone around 8.40, and it has temporarily held above it after pulling back.

8.55–8.60 can be watched as a long entry zone, with a stop-loss at 8.42. First target: 9.01, then 9.17. Entering at 8.60 gives a risk-reward ratio of about 2.28 to the first target.

If the price falls back to around 8.40, the earlier breakout will need to be reassessed.

It's no surprise that the price hasn't held above $9. The key is whether this pullback gives back all the gains from the breakout. #WCTCS9
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discovery
Who's your Creator of the Year? 🏆
discovery
Can BTC hold here? 🤔
discovery
Interesting angle 💡