Every textbook will tell you to not trade against a trend but what if we do? Avalanche is a legitimate project which has been in a clear downtrend since October - all trends tend to end at one point or another. So how do I know now is the point? The answer is simple - I don't but if you will take a look at the AVAX/BTC chart you will see why now can be a good time to buy.
Trade active:
Today I thought about selling this position but then realised there isn't any chart formation similiar to this one. Keep hodling.