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💎 $AVNT pumping +4.0% with 6.1x abnormal volume
- Given the context, I expect the price to initially face resistance near 0.1585, where some profit-taking or a fakeout is likely. If there’s a quick sweep above this level with a sharp reversal (long upper wick, or bearish engulfing candles), it would signal a possible bull trap — in that case, expect a pullback to around 0.1550 or deeper to 0.1528 where buyers may step back in.
- If price pulls back to the 0.1550-0.1528 zone and gives a bullish confirmation (e.g., pin bar, bullish engulfing, or a fakeout/sweep and reclaim on lower timeframes), a long setup could be considered with targets at 0.1585 and then possibly 0.1600.
- Example long setup: Wait for price to retrace into 0.1550–0.1528, look for bullish reversal (such as a pin bar or strong engulfing candle on the 5m), then enter long. Target 0.1585 for partial profit, with a runner to 0.1600. Place stop-loss below the swing low of the entry candle or below 0.1528.
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