AVA is around 0.2937 now. I’ve opened a short, with a target of 0.255 and a stop-loss at 0.312.
It’s up more than 20%, but it has failed twice to break above the previous high around 0.31—clear signs of distribution. When a coin that’s been steadily pushed upward stalls, profit-taking can be even more brutal than with a speculative coin. I’m targeting 0.255 on my short. If it breaks above the previous high at 0.312, I’ll exit. #ava $AVA
It’s up more than 20%, but it has failed twice to break above the previous high around 0.31—clear signs of distribution. When a coin that’s been steadily pushed upward stalls, profit-taking can be even more brutal than with a speculative coin. I’m targeting 0.255 on my short. If it breaks above the previous high at 0.312, I’ll exit. #ava $AVA