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$AVAX Right now, it’s around 8.900 USDT. Do you think we should keep grinding higher, or is it about time to pull back a bit?
$AVAX If I had to give a quick conclusion first, I’d lean more toward: a push higher first, then wash out a round.
This is how I see it:
First, the continuation after a surge is usually weak, and chasing longs often ends up in an awkward position.
Second, the price is already close to the resistance zone, so the upside and the risk-reward ratio are both just average.
One more point: use the 15m structure to set the direction, confirm with the 5m, and let the 1m only provide finer (more precise) levels. If there’s a 1m breakdown without 5m confirmation, I won’t take it.
Suggested entry price: 8.971 USDT
Estimated target price: 8.437 USDT
Defense level reference: 9.185 USDT
But the thing I fear most at this spot is that the short side still hasn’t gathered enough momentum, and gets squeezed out first.
If you were the one trading this, would you go in first and watch a bit longer here, or would you just not touch it at all?