Under the surface, things are shifting, and bearish signals are emerging too. The rebound at $AVA is looking more and more like a chance for the bears to take the lead. On the four-hour chart, the moving averages are still bearishly aligned, and the price has never managed to reclaim the area above them. The trend direction hasn’t changed.
Trading volume hasn’t picked up during the rebound, which suggests buyers aren’t very enthusiastic. There’s no need for us to catch the price in this kind of structure. With resistance overhead, a move lower is more likely. I’m leaning toward following the trend and staying bearish, with a small position.
🔴 Trade direction: Short
📍 Entry range: 0.2643087 – 0.2651308
🛑 Stop loss: 0.2753202
🎯 Take profit 1: 0.2567694
🎯 Take profit 2: 0.2514692
🎯 Take profit 3: 0.2435188
There’s no need to chase the wind; it will settle in time.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#AVA
Click below to trade 👇
Trading volume hasn’t picked up during the rebound, which suggests buyers aren’t very enthusiastic. There’s no need for us to catch the price in this kind of structure. With resistance overhead, a move lower is more likely. I’m leaning toward following the trend and staying bearish, with a small position.
🔴 Trade direction: Short
📍 Entry range: 0.2643087 – 0.2651308
🛑 Stop loss: 0.2753202
🎯 Take profit 1: 0.2567694
🎯 Take profit 2: 0.2514692
🎯 Take profit 3: 0.2435188
There’s no need to chase the wind; it will settle in time.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#AVA
Click below to trade 👇