Corrections like this are healthy because they relieve buying pressure, flush weak positions, and create cleaner levels for the next move. Without these pauses, trends become unstable and vulnerable to sudden reversals.

$AVNT Short Liquidation: $1.0317K at $0.29546

I’m watching the $0.294–$0.297 zone carefully because it has proven importance. This area previously acted as strong support during the last consolidation, and every time price returned here, buyers stepped in decisively. Now, they’re building strength again, showing that sellers are losing momentum and the market is respecting this level.

Technically, this zone aligns with a key retracement of the last upward move and sits right on a high-reaction area where volume previously surged. If this level holds, it increases the likelihood of a continuation move and creates a favorable environment for short liquidations above.

Trade Setup

Entry Zone: $0.2935 – $0.2960

Target 1: $0.3030

Target 2: $0.3125

Stop Loss: $0.2900

I’m watching how price reacts inside the entry range. If buyers continue defending this zone, the structure stays intact. They’re building strength here, and a push upward can trigger short liquidations quickly once momentum flips.