$AVNT /USDT LONG TRADE SIGNAL
TECHNICAL ANALYSIS:
The chart for $AVNT/USDT indicates a significant uptrend. Following a period of consolidation, the price has broken out and is demonstrating strong bullish momentum. The moving averages have a clear bullish crossover, with the shorter-term MA well above the longer-term MAs, signifying a strong upward trend. The recent price action shows a series of higher highs and higher lows, supported by high trading volume, which confirms the strength of the move.
TRADE SETUP:
* Entry: A long entry can be considered around the current price of 1.1693 or on a slight pullback to the 1.1277 support level.
* TP1: 1.2100 (Immediate resistance and previous high)
* TP2: 1.2500 (Projected resistance)
* SL: 1.1180 (Below the recent support level)
MARKET OUTLOOK:
The market for $AVNT/USDT is currently in a strong bullish phase. The token has experienced a sharp increase in price and trading volume, likely fueled by positive market sentiment. The technical indicators are all aligned in favor of the bulls. However, traders should be cautious of potential volatility and profit-taking after such a sharp rise. A sustained move above 1.2100 could signal further upside, while a break below 1.1180 could indicate a short-term correction.
