$AVNT movement 🔥⚡
Entry Zone: $0.3450 – $0.3600 (Wait for a healthy pullback to the recent breakout level or the 0.34 support area).
Target 1: $0.4100 (Psychological resistance / recent peak extension)
Target 2: $0.4550 (Major resistance level)
Target 3: $0.5000 (Mid-term psychological target)
Stop Loss: Below $0.3100 (Invalidates the current bullish structure)
Technical Summary
Momentum: Strong bullish trend with high volume; however, RSI(6) at 83.75 indicates highly overbought conditions in the short term.
Support: Immediate support is at 0.3414, with a stronger base at 0.2819.
Resistance: The immediate local high is 0.3942.
🕳️Note: Entering at the current market price ($0.3833) carries high risk due to the overextended RSI. Waiting for a retracement to the entry zone is recommended for a better risk-to-reward ratio.
