๐๐ฉ๐ก๐ง ๐ฆ๐ต๐ผ๐ฟ๐ ๐ฃ๐น๐ฎ๐ป
๐ PAIR:
$AVNT AVNT/USDT
๐ TYPE: SHORT ๐ด
โก LEVERAGE: Cross 10X โ 20X
๐ฏ ENTRY: 0.0984 โ 0.0989
๐ TAKE PROFITS:
โบ ๐ฏ TP1: 0.0954 (Bollinger middle band)
โบ ๐ฏ TP2: 0.0947 (25 EMA support)
โบ ๐ฏ TP3: 0.0920
๐ STOP LOSS: 4H candle closed above 0.1010
โข ๐ผ Only 2โ3% Capital Per Entry
โข ๐ Trail Stop After TP1 for Safety
โข โ ๏ธ Enter only at the upper Bollinger Band ($0.0984) โ do NOT short below $0.0975, wait for price to tap resistance first
โข ๐ Reason: RSI(6) at 80.38 โ overbought on 1H. Price pressing against upper Bollinger Band ($0.0984) which is strong overhead resistance. This level has historically caused rejections. EMA structure is bullish short-term but RSI at 80 almost always precedes a pullback to at least the middle band ($0.09538). Risk/reward strongly favors the short here.
โข ๐ This is analysis only โ not financial advice. Always use a stop loss and manage your risk carefully.
#AVNT