This AVAX move is a textbook example of a short squeeze. On-chain monitoring shows frequent capital movements, and the intentions of the main players are obvious. Even more brutal: in the past hour, the short liquidation volume was 228 times that of the longs—pretty intense, right?
But don't rush in now; chasing the top here is just giving away money. The RSI has already soared to 79.8, a clear technical overbought signal. The real opportunity is on a pullback, not at the peak.
So what should you do? Here's the key point: 14.2 is the golden entry point. If you're bold, that's where you go heavy. In the 14.20-14.56 range, you can start with a small position, just to get a feel for it. But remember the iron rule—if it drops below 13.50, cut your losses immediately. No wishful thinking.
Target price? First look at 14.80. If it breaks through, a run to 15.50 or even 16.2 is possible.
To be honest: in a bull market, the most painful thing isn't losing money—it's selling too early and watching it keep going up. But at this level, blindly chasing the top versus waiting patiently could lead to totally different outcomes. Only those who wait get the big rewards; the impatient only get scraps. Patience is always a trader's most valuable asset.
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BlindBoxVictim
· 12-12 02:42
228x liquidation is really outrageous, but I truly don't dare to chase at the RSI 79 level. I've seen too many people buy the top.
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SolidityNewbie
· 12-09 20:39
228x liquidation, the main players played this move brilliantly, but now anyone chasing the high is just a bag holder.
This AVAX move is a textbook example of a short squeeze. On-chain monitoring shows frequent capital movements, and the intentions of the main players are obvious. Even more brutal: in the past hour, the short liquidation volume was 228 times that of the longs—pretty intense, right?
But don't rush in now; chasing the top here is just giving away money. The RSI has already soared to 79.8, a clear technical overbought signal. The real opportunity is on a pullback, not at the peak.
So what should you do? Here's the key point: 14.2 is the golden entry point. If you're bold, that's where you go heavy. In the 14.20-14.56 range, you can start with a small position, just to get a feel for it. But remember the iron rule—if it drops below 13.50, cut your losses immediately. No wishful thinking.
Target price? First look at 14.80. If it breaks through, a run to 15.50 or even 16.2 is possible.
To be honest: in a bull market, the most painful thing isn't losing money—it's selling too early and watching it keep going up. But at this level, blindly chasing the top versus waiting patiently could lead to totally different outcomes. Only those who wait get the big rewards; the impatient only get scraps. Patience is always a trader's most valuable asset.