AVA printed +89.8% in the last 24 hours.
That's a move from 0.152 to 0.332 on $23M volume, but it's stalling right at the highs. With price this far above the EMA20 at 0.257, the move looks overextended.
The desk's read: this is a fade. A vertical move like this is textbook exit liquidity for early holders, not a sustainable trend. We'd expect a re-test of the 0.25s before another attempt at the highs.
Selling this rip, or is this just the first leg up?
$AVA
Follow for the next read — posted the moment the tape moves.
That's a move from 0.152 to 0.332 on $23M volume, but it's stalling right at the highs. With price this far above the EMA20 at 0.257, the move looks overextended.
The desk's read: this is a fade. A vertical move like this is textbook exit liquidity for early holders, not a sustainable trend. We'd expect a re-test of the 0.25s before another attempt at the highs.
Selling this rip, or is this just the first leg up?
$AVA
Follow for the next read — posted the moment the tape moves.
