AVAX has been holding up relatively well over the last couple of months. Where other alts lost over 70% from their recent top, AVAX is currently trading at a 50% discount .

However, I think there’s still more potential downside for this token. I’m not interested in AVAX as of yet. The area I’m looking at for a potential long-term buy in is located at the bottom trend line of the bullish channel , around the $50 area.

Patience is key.