The market for AVNT has been quite interesting these past couple of days. The volume on the 15-minute Candlestick chart has reduced significantly, but turning to the 1-hour chart, the MACD has just formed a golden cross pattern, and the bars are slowly expanding—this is a signal I don't want to miss.
If the momentum can be confirmed to restart later, I will set the entry position near 0.302. Of course, it's not about rushing in now, but waiting for a 15-minute bullish candlestick to appear before following in. This way, the win rate will be more solid.
I set my stop loss at 0.295, which calculates to a risk ratio of about 2.3%, something I can accept. Looking upward, the first target is 0.315, which would yield a profit of 4.3%; if things go smoothly, 0.325 would be the second exit point, at which point I could take a profit of 7.6%.
The 1-hour RSI is just above 60, which is not too high yet, indicating there is still room for operation. However, the key is to see if it can hold the 0.30 position, along with an increase in volume. If it breaks below the previous low of 0.295, then it would essentially be a false breakout, and without hesitation, one should stop-loss and exit.
I was the first to get in, and I strictly implement stop-loss. If it can't rise above 0.31, I will liquidate my position without being greedy. The key is to control the rhythm well and not be fooled by the fluctuations.
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SorryRugPulled
· 17h ago
I've been eyeing the entry point at 0.302 for a while, just waiting for the confirmation signal. Your risk control awareness is good, and I can accept a stop loss of 2.3%.
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TokenVelocityTrauma
· 17h ago
This is well managed. I agree with the idea of waiting for a Bullish line to follow up, but I'm afraid that when it really gets to 0.302, my hands will get itchy.
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rugpull_survivor
· 17h ago
The 0.302 position is indeed interesting, but what I care more about is whether 0.30 can hold, that's the key.
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MondayYoloFridayCry
· 17h ago
This guy's rhythm is indeed good, but entering at 0.302 seems a bit greedy to me; the space at this position is too small, right?
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BrokenYield
· 17h ago
nah the 0.30 support is gonna break, it always does when everyone's watching it. seen this play a hundred times - classic liquidity grab before the real move.
The market for AVNT has been quite interesting these past couple of days. The volume on the 15-minute Candlestick chart has reduced significantly, but turning to the 1-hour chart, the MACD has just formed a golden cross pattern, and the bars are slowly expanding—this is a signal I don't want to miss.
If the momentum can be confirmed to restart later, I will set the entry position near 0.302. Of course, it's not about rushing in now, but waiting for a 15-minute bullish candlestick to appear before following in. This way, the win rate will be more solid.
I set my stop loss at 0.295, which calculates to a risk ratio of about 2.3%, something I can accept. Looking upward, the first target is 0.315, which would yield a profit of 4.3%; if things go smoothly, 0.325 would be the second exit point, at which point I could take a profit of 7.6%.
The 1-hour RSI is just above 60, which is not too high yet, indicating there is still room for operation. However, the key is to see if it can hold the 0.30 position, along with an increase in volume. If it breaks below the previous low of 0.295, then it would essentially be a false breakout, and without hesitation, one should stop-loss and exit.
I was the first to get in, and I strictly implement stop-loss. If it can't rise above 0.31, I will liquidate my position without being greedy. The key is to control the rhythm well and not be fooled by the fluctuations.