$AVAAI is approaching a strong area from where it can give a rejection and dump.
So I prefer a Short position.
Entry zone: 0.01610 – 0.01645
Good Entry: Around 0.01620+ after liquidity sweep/rejection
TP1: 0.01510
TP2: 0.01435
TP3: 0.01355
Stop-loss: 0.01728
Funding is positive and OI has increased strongly, so longs are getting crowded near resistance.
Use less leverage and move your stop-loss into profit once the trade moves nicely in your favor.
So I prefer a Short position.
Entry zone: 0.01610 – 0.01645
Good Entry: Around 0.01620+ after liquidity sweep/rejection
TP1: 0.01510
TP2: 0.01435
TP3: 0.01355
Stop-loss: 0.01728
Funding is positive and OI has increased strongly, so longs are getting crowded near resistance.
Use less leverage and move your stop-loss into profit once the trade moves nicely in your favor.