Watch out for this pump of $AVAAI in $USDT! 🤢 People are seeing the breakout of the bearish channel on the 1H and are already shouting "To The Moon" 🚀, but I don't trust it at all.
Look at the volume, that spike on December 15 is pure liquidation. So many times they have pulled the same trick on us: they break a pattern so you enter long and then they short you to the bone. For me, the real entry is lower, waiting for a fakeout and a retest of the old resistance of the channel. If the price can't hold above 0.00964, I see an excellent opportunity to look for a short near 0.00975.
I would set the Stop Loss tight, above the peak of euphoria, let's say at 0.01050, because if it goes beyond that, the structure has already changed. I would look for the initial Take Profit at the support of 0.00890 or, if it gets juicy, directly to sweep the liquidity of 0.00810. Don't be anyone's liquidity. 📉 Be very careful with FOMO, gang.
$AVAAI
