AVAX: Summary of Jayson Casper community discussions (05:00:10 ~ 06:00:10)

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1. Current Recommendation: A tentative approach is recommended for AVAX, as it is currently in a critical upward phase and may experience pullbacks in the short term. Consider buying on dips. 2. Position Size and Risk Management Recommendations: A small initial position is recommended, focusing on the 0.038 support level. A break above this level could lead to further gains. Set a stop-loss order at a key support level below. Add to the position gradually in batches to avoid heavy losses from a single large position. 3. Suitable Trading Style: This strategy is more suitable for aggressive short-term trading, emphasizing quick entry and exit. Utilize pullbacks after upward momentum to buy on dips. Avoid holding positions for too long; use rebounds as exit opportunities. Suitable for capturing short-term volatility and high-frequency trading opportunities.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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