$AVNT The main scenario for investors right now is bearish, as long as the price remains below 1.6043, the downward movement may continue, so short positions are reasonable for a while longer.
- If the price finds a strong reaction in the range of 1.60-1.55 and two consecutive strong green candles, pin bars, or bullish engulfing formations occur, a short-term long position could be attempted, with the first TP at 1.8576 and the second at 1.9355.
- If a permanent breakthrough above 1.8576 occurs, I would not insist on the short side; my bias would shift to bullish, and then I would expect a new retest, continuing long after a pullback.
- The main opportunities for shorts should be sought in rejections between 1.8576-1.9355 above; if the price spikes to these levels and we immediately see a strong rejection candle, it would be good points for selling.
- For stop-loss, using the swing low or high level is always the safest option, as market maker manipulations usually end...
