🔻 $AVA / USDT — SHORT SETUP & RETEST PLAY 📉
$AVA surged over +67% today, hitting a high of 0.2791 before pulling back. After a sharp rejection from the peak, price action is retesting resistance near 0.2645. With RSI(6) sitting elevated at ~73.8 and 1H volume beginning to taper off after the initial surge, a pullback toward the moving averages is setting up.
🎯 Trade Setup
Entry Zone: 0.2650 – 0.2750 (Look for rejection near local high)
Stop Loss (SL): 0.2850 (Above the high wick)
Take Profit Targets:
🎯 TP1: 0.2390 (1H EMA 7 support)
🎯 TP2: 0.2100 (Intermediate consolidation zone)
🎯 TP3: 0.1970 (1H EMA 25 retest)
$AVA surged over +67% today, hitting a high of 0.2791 before pulling back. After a sharp rejection from the peak, price action is retesting resistance near 0.2645. With RSI(6) sitting elevated at ~73.8 and 1H volume beginning to taper off after the initial surge, a pullback toward the moving averages is setting up.
🎯 Trade Setup
Entry Zone: 0.2650 – 0.2750 (Look for rejection near local high)
Stop Loss (SL): 0.2850 (Above the high wick)
Take Profit Targets:
🎯 TP1: 0.2390 (1H EMA 7 support)
🎯 TP2: 0.2100 (Intermediate consolidation zone)
🎯 TP3: 0.1970 (1H EMA 25 retest)