📢 $AVNT / $USDT | 🟢 LONG | ⭐ 74.3%
🎯 Goal: $0.1125. Does it hit?
🎯 Trading levels:
🟢 Entry: $0.1035
🛑 Stop Loss: $0.0981
🏁 TP1: $0.1125
🏁 TP2: $0.1143
🏁 TP3: $0.1179
📈 Analysis:
The asset $AVNT shows a bullish multi-timeframe alignment, with the ADX at 34.31 reflecting a strong trend and the RSI at 60.63 indicating buying momentum without being overbought. The structure is supported by a confirmed triple bottom and the bullish MACD crossover (momentum indicator), along with the price position above the 20 and 50 EMAs, confirming the strength of the technical base. The price is trading above the POC (point of highest traded volume) at $0.108143, which favors the continuation of the move toward the resistance at $0.1138.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if the price breaks the key support at $0.0981, a level that coincides with significant technical pullbacks. The trade aims to capitalize on the retest of the entry level to seek expansion toward the VAH area (high-value area) at $0.111733 and the outlined targets.
Do you think the current volume is enough to break the immediate resistance at $0.1138?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #AVNT #trading #Futures #Bullish
🎯 Goal: $0.1125. Does it hit?
🎯 Trading levels:
🟢 Entry: $0.1035
🛑 Stop Loss: $0.0981
🏁 TP1: $0.1125
🏁 TP2: $0.1143
🏁 TP3: $0.1179
📈 Analysis:
The asset $AVNT shows a bullish multi-timeframe alignment, with the ADX at 34.31 reflecting a strong trend and the RSI at 60.63 indicating buying momentum without being overbought. The structure is supported by a confirmed triple bottom and the bullish MACD crossover (momentum indicator), along with the price position above the 20 and 50 EMAs, confirming the strength of the technical base. The price is trading above the POC (point of highest traded volume) at $0.108143, which favors the continuation of the move toward the resistance at $0.1138.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if the price breaks the key support at $0.0981, a level that coincides with significant technical pullbacks. The trade aims to capitalize on the retest of the entry level to seek expansion toward the VAH area (high-value area) at $0.111733 and the outlined targets.
Do you think the current volume is enough to break the immediate resistance at $0.1138?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #AVNT #trading #Futures #Bullish