Guy's I'm chasing short on $AVAAI as momentum is clearly weakening
Entry: 0.0152 - 0.0158
SL: 0.0165
TP1: 0.0148 TP2: 0.0144 TP3: 0.0138 TP4: 0.0132
Why:
AVAAI is struggling around the 0.0155-0.0160 resistance area after recovering strongly from 0.01268. Volume is cooling and MACD momentum is turning weak, which could lead to a short term correction toward the moving averages and previous support zones.
$DOLO has broken out strongly from the 0.022 area with a massive volume expansion. Price is trading well above MA(7), MA(25) and MA(99), while MACD remains strongly bullish. The key is to avoid chasing the pump and look for a pullback into the entry zone. Holding above 0.025 could open the way toward 0.030 and beyond. If DOLO loses 0.0230, the setup is invalidated.
$CAP experienced a strong freefall, just as I predicted. I expected the price to break out at 0.07900, and it started falling from around there. We've now achieved over a 36% correction – a very strong correction for the currency.