$AVAAI I noticed strong resistance near $0.01140 on the 15m chart, so I executed this Short position to capture a potential reversal.
The price made multiple attempts to break past the $0.01140 high, but each surge met aggressive selling pressure, leaving upper rejection wicks. The momentum is flattening out right around the MA(7) and MA(25) lines, showing that buyers are losing strength after the massive rally from the $0.00841 low. I opened this trade anticipating a pullback as buyers take profits.
My Trade Setup:
Entry: $0.01128 (CMP)
TP: $0.01020
SL: $0.01160
Are you shorting this resistance rejection with me, or waiting for a breakout?
Master the Short Setup 🐻📉 $AVAAI
The price made multiple attempts to break past the $0.01140 high, but each surge met aggressive selling pressure, leaving upper rejection wicks. The momentum is flattening out right around the MA(7) and MA(25) lines, showing that buyers are losing strength after the massive rally from the $0.00841 low. I opened this trade anticipating a pullback as buyers take profits.
My Trade Setup:
Entry: $0.01128 (CMP)
TP: $0.01020
SL: $0.01160
Are you shorting this resistance rejection with me, or waiting for a breakout?
Master the Short Setup 🐻📉 $AVAAI