$AVA 5 minutes down 5.11%, currently at 0.2732. There are two possible scenarios:
① It stabilizes and reclaims the point where the decline began → this move was probably a shakeout
② The rebound lacks strength and it breaks below the 24h low of 0.2131 → weakness will most likely continue
Personally, I’ll wait to see how the first rebound performs before drawing a conclusion. Which signal would you pay more attention to?
#AVA
This is for informational purposes only and does not constitute investment advice.
① It stabilizes and reclaims the point where the decline began → this move was probably a shakeout
② The rebound lacks strength and it breaks below the 24h low of 0.2131 → weakness will most likely continue
Personally, I’ll wait to see how the first rebound performs before drawing a conclusion. Which signal would you pay more attention to?
#AVA
This is for informational purposes only and does not constitute investment advice.