$AVNT SPOT BUY made 10 days ago at 65C... It did very well at the beginning, hit my first TP at $1.01 (50%+ RETURN), and that turned out to be the LOCAL TOP.

Below my ENTRY, at 58 CENTS now, and below the 50 MA, sadly, so short-term not looking good.

Some positives though — RSI has become super OVERSOLD at 18, and what I like the most about this #AVNT coin: no DISTRIBUTION at all that’s visible in OBV. Quite the opposite — more signs of ACCUMULATION lately, a BULLISH OBV DIVERGENCE, etc.

VOLUMES extremely low, no SELLERS. The only thing that worries me is the ON-CHAIN DATA of their PERPS — weak volumes and even weaker OPEN INTEREST, which has fallen from $61 M to $32 M just this week. Not sure what the issue is with this #DEX as I have never used it.

The data does worry, though.

My STOP LOSS was set at 53.5 C for the remaining part of the position (two-thirds). There should be a BOUNCE soon, and I will have to see if the 50 MA (65.8 C) rejects it or not. Possible manual EXIT on rejection.

👽💙