$AVAX Retracing October 12, 2024 1:42 pm EST

Avalanche is retracing back to the Golden Zone (50% to 61%) and we will look for a healthy bounce midweek, most likely this upcoming thursday to look for a long position. If you are going to bet against the market and place a short position keep your stop losses tight.

Come Mid week, get ready for the bounce around an estimated price of 26.71.
Take care and have a great rest of your weekend.

- Rico