$AVNT BEARISH BREAKDOWN – SHORT SETUP ON 15MIN CHART
AVNT has shown signs of exhaustion after a sharp intraday rally, failing to hold above the upper Bollinger Band (2.2259) and rejecting near the 24H high of 2.6791. The latest candle confirms a bearish engulfing pattern, closing below the middle Bollinger Band (2.1135), suggesting momentum shift.
Volume surged during the peak but has since declined, indicating fading bullish interest. Price action is now compressing between the middle and lower Bollinger Bands, with lower highs forming—a classic setup for a short continuation.
The horizontal levels marked on the chart show a clear breakdown zone near -5.03% and -11.25%, aligning with prior support-turned-resistance. If price breaches the lower Bollinger Band (2.0011) with volume confirmation, expect acceleration toward deeper retracement zones.
ENTRY: SHORT below 2.000
TP1: 1.940
TP2: 1.870
TP3: 1.790
SL: 2.120
Risk Management: Use 2% max capital per trade. Trail stop after TP1 to lock gains. Avoid overleveraging in volatile conditions.
#BearishSetup #BollingerBands #VolumeAnalysis #BreakdownZone #CryptoTrading
