decisions.
$AVNTUSDT 📉 BEARISH SETUP
Key Levels & Current Price Analysis
The chart for $AVNTUSDT shows a clear downtrend on the 15-minute timeframe. The price has been consistently making lower highs and lower lows, indicating strong bearish momentum.
* Current Price: The price is at $0.78605, sitting just above a key support level.
* Resistance: The immediate resistance is around $0.8000, which has been tested and held multiple times. A stronger resistance level can be seen at the previous swing high of around $0.8500.
* Support: The current price is hovering around a crucial support level at $0.7800. A break below this level could trigger a significant drop. The next support level below this would be around $0.7500.
Trade Setup
This setup is based on a potential continuation of the bearish trend.
* SHORT Entry: Consider a short entry on a confirmed breakdown below the $0.7800 support level. Wait for a candle to close below this level on the 15-minute chart to confirm the breakdown.
* Take Profit (TP):
* TP1: $0.7500 🎯
* TP2: $0.7200 🎯
* Stop Loss (SL): Place your stop loss above the immediate resistance level to invalidate the bearish thesis.
* SL: $0.8050 ❌
Risk Management
Always use a stop loss to protect your capital. Do not risk more than 1-2% of your total trading portfolio on a single trade. Overleveraging can lead to significant losses in a volatile market like cryptocurrency. Follow your trade plan and be patient. 🤝
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