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$AVAX Currently around 9.09 USDT. Do you think we should keep pushing higher, or is it about time for a pullback?
If I had to give a conclusion, I would lean more towards: pull back first and then look for a direction.
Here's my main perspective:
First, the continuation after a rally is usually weak, and chasing long positions often ends up in awkward positions.
Second, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
To add one more point, only add to profits, not to losses; test position 20%, main position 50%, accelerated position 30%.
The entry point I will watch closely: 9.163 USDT
Estimated target price: 8.617 USDT
Defense reference: 9.381 USDT
But the biggest risk at this level is that the bears haven't gained momentum yet and get squeezed out first.