🔥 Quick Take:
After a strong rally, AVNT is consolidating near $2.00 – a key line in the sand. The next few candles could define whether bulls push higher or bears take control.
🗝 Key Levels:
• Support: $2.00 | $1.58–$1.46
• Resistance: $2.40 | $2.67 | $2.88
📉 Bias:
• Neutral → Bearish if $2.00 - $1.95 breaks.
• Neutral → Bullish if $2.30 - $2.40 breaks.
💡 Scenarios:
1. Bounce: $2.00 hold → $2.40 → $2.67
2. Breakdown: $2.00 break → $1.58–$1.46
⚠️ Takeaway:
$2.00 is critical. Watch for either a decisive break or a strong rebound – this will set the next trend.
🚀 Why Watch:
AVNT’s volatility after the recent rally means rapid moves can happen. Position sizing and risk management are key.
After a strong rally, AVNT is consolidating near $2.00 – a key line in the sand. The next few candles could define whether bulls push higher or bears take control.
🗝 Key Levels:
• Support: $2.00 | $1.58–$1.46
• Resistance: $2.40 | $2.67 | $2.88
📉 Bias:
• Neutral → Bearish if $2.00 - $1.95 breaks.
• Neutral → Bullish if $2.30 - $2.40 breaks.
💡 Scenarios:
1. Bounce: $2.00 hold → $2.40 → $2.67
2. Breakdown: $2.00 break → $1.58–$1.46
⚠️ Takeaway:
$2.00 is critical. Watch for either a decisive break or a strong rebound – this will set the next trend.
🚀 Why Watch:
AVNT’s volatility after the recent rally means rapid moves can happen. Position sizing and risk management are key.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.