Looking at the $AVNT /USDT chart, the price is sitting at 0.3012, up by 11.93%. The price just hit a recent high of 0.3194 but has pulled back a bit, suggesting a potential opportunity for a continued rally or a further pullback.
Entry Points:
The current price of 0.3012 could still be a good entry if you believe it will break through the recent high at 0.3194. A safer bet would be to wait for a pullback to around the 0.2900 level (previous support), or even closer to 0.2820 (a strong support zone) if the price retraces.
Stop Loss:
Set your stop loss at 0.2870, just below the 0.2900 level, to minimize risk in case the price falls further.
Take-Profit Levels:
1. First Take-Profit: Aim for the 24-hour high of 0.3194, as this level could act as a natural resistance.
2. Second Take-Profit: If the price breaks 0.3194, the next target could be around 0.3240, where you could potentially see more resistance.
3. Third Take-Profit: A more ambitious target could be 0.3300 if the trend continues to push upwards.
Should You Buy?
If you're looking for a short-term trade, buying at the current price is a possible option, but it could be safer to wait for a small dip to around the 0.2900 level for a more favorable entry. If the price breaks above 0.3194, there's potential for further gains, so it's worth keeping an eye on that resistance level.
