AVA rebound is ready to go. Can it break through the key pressure level in the short term?
Market analysis:
The current price of AVA is $1.4206, with a 24-hour increase of 8.14%. The price stabilized after the previous decline and is currently running above the short-term moving average. The RSI (6) shows 56.7, indicating that market sentiment is gradually leaning towards the bulls, but the MACD indicator is still relatively weak, and attention should be paid to the volume amplification.
Key points:
• Support level: $1.31, $1.25, $1.10
• Resistance level: $1.50, $1.62, $1.80
Short-term trading strategy:
Buy strategy:
• Opening point: $1.42
• Adding position: $1.31
• Stop loss point: $1.25
• Take profit target: First target $1.50, second target $1.62, third target $1.80
Short strategy:
• Opening point: $1.50
• Adding position: $1.62
• Stop loss point: $1.80
• Take profit target: First target $1.31, second target $1.25, third target $1.10
Forecast analysis:
If the price can break through with large volume $1.50, the market is expected to rebound further. But if it fails to break through, it may retest the support near $1.31 again in the short term. It is recommended to control the position and operate cautiously.
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