Beneath the surface, signals pointing the other way are often worth watching more closely. On the 4-hour chart for $AVA , price is held below EMA50 and EMA200, with the moving averages in bearish alignment and momentum clearly pointing downward. The current minor rebound lacks convincing volume and looks more like a corrective move within a downtrend than a trend reversal.
The cluster of moving averages overhead forms a resistance zone. As long as the rebound fails to reclaim it decisively, the structure still favors further downside. I’m watching for continuation after the rebound fades, rather than trying to call a bottom. Keep positions small—the weaker the rebound, the stronger the bearish case.
🔴 Trade direction: Short
📍 Entry range: 0.2676288 – 0.2683368
🛑 Stop loss: 0.2769362
🎯 Take profit 1: 0.2612678
🎯 Take profit 2: 0.2567911
🎯 Take profit 3: 0.2500761
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ebbs and flows of fortune.
#AVA
Click below to trade 👇
The cluster of moving averages overhead forms a resistance zone. As long as the rebound fails to reclaim it decisively, the structure still favors further downside. I’m watching for continuation after the rebound fades, rather than trying to call a bottom. Keep positions small—the weaker the rebound, the stronger the bearish case.
🔴 Trade direction: Short
📍 Entry range: 0.2676288 – 0.2683368
🛑 Stop loss: 0.2769362
🎯 Take profit 1: 0.2612678
🎯 Take profit 2: 0.2567911
🎯 Take profit 3: 0.2500761
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ebbs and flows of fortune.
#AVA
Click below to trade 👇