⚠️ $AVA just had a sharp rally… and then gave back most of the move.
I’m watching a possible SHORT on $AVA here.
TP: $0.2600
SL: $0.2820
The reason is simple: AVA climbed toward $0.3385, but sellers stepped in aggressively and pushed price all the way back toward the $0.270 area.
Since that peak, the chart has been making lower highs. That tells me the recovery still has something to prove.
Now price has bounced from around $0.258–$0.260, so I’m not interested in blindly selling into this green candle.
What matters next is the $0.278–$0.280 zone. If AVA gets rejected there and loses $0.268, another move toward $0.260 becomes possible.
If buyers reclaim $0.280 and hold above it, I’ll reconsider the SHORT idea.
One bounce doesn't automatically mean the downtrend is over.
Would you wait for a rejection to SHORT AVA, or do you think buyers can reclaim $0.280?
I’m watching a possible SHORT on $AVA here.
TP: $0.2600
SL: $0.2820
The reason is simple: AVA climbed toward $0.3385, but sellers stepped in aggressively and pushed price all the way back toward the $0.270 area.
Since that peak, the chart has been making lower highs. That tells me the recovery still has something to prove.
Now price has bounced from around $0.258–$0.260, so I’m not interested in blindly selling into this green candle.
What matters next is the $0.278–$0.280 zone. If AVA gets rejected there and loses $0.268, another move toward $0.260 becomes possible.
If buyers reclaim $0.280 and hold above it, I’ll reconsider the SHORT idea.
One bounce doesn't automatically mean the downtrend is over.
Would you wait for a rejection to SHORT AVA, or do you think buyers can reclaim $0.280?