$NAVX Losing Momentum Near Spike High – Liquidity Pullback Setup
🎯 Trade Plan: SHORT
Entry: 0.0138 – 0.0149
TP1: 0.0130
TP2: 0.0111
TP3: 0.0105
SL: 0.0169
R:R: ~1:2 – 1:3
Invalidation: 15m close above 0.0170
NAVX just made a vertical spike from the 0.0100 base and wicked into the 0.0167 local high, but price quickly pulled back into the 0.0139 area.
The move is extremely stretched above the MA cluster, and the current Buy/Sell pressure is leaning strongly toward sellers. Volume exploded during the spike, but that also increases the risk of short-term distribution if buyers cannot continue holding the top.
If NAVX fails to reclaim 0.0149 – 0.0167, downside liquidity can open first toward 0.0130, then deeper toward the MA support around 0.0111 – 0.0105.
Trade $NAVX here👇
🎯 Trade Plan: SHORT
Entry: 0.0138 – 0.0149
TP1: 0.0130
TP2: 0.0111
TP3: 0.0105
SL: 0.0169
R:R: ~1:2 – 1:3
Invalidation: 15m close above 0.0170
NAVX just made a vertical spike from the 0.0100 base and wicked into the 0.0167 local high, but price quickly pulled back into the 0.0139 area.
The move is extremely stretched above the MA cluster, and the current Buy/Sell pressure is leaning strongly toward sellers. Volume exploded during the spike, but that also increases the risk of short-term distribution if buyers cannot continue holding the top.
If NAVX fails to reclaim 0.0149 – 0.0167, downside liquidity can open first toward 0.0130, then deeper toward the MA support around 0.0111 – 0.0105.
Trade $NAVX here👇