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AVNT/USDT market movement is quite aggressive this time. Just now, a one-hour volume breakout occurred, RSI is only at 63 with still some momentum, but the four-hour RSI has already surged to 72, indicating obvious overbought signals. At this point, it's important to select carefully and only follow opportunities during acceleration phases.
Currently, the price is around 0.36. If it can hold steady here and continue pushing, the previous high at 0.38 will be a key resistance level to watch. Conversely, if it breaks below the support at 0.348, then it's time to give up.
My approach is to look for entry opportunities around 0.358, provided there's a pullback confirmation. The stop-loss is set below 0.348, keeping the risk control at approximately 2.8%. As for targets, first aim for 0.375 (about 4.7% increase), and if momentum is strong, then look at 0.385 (about 7.5% increase).
Although the MACD histogram is still in the negative zone, the fast line is showing signs of turning around. The key is whether the volume will follow. Once it breaks the previous high, acceleration could happen, but considering RSI is already overbought, don't be greedy. I’ve entered my position now, and the stop-loss must be strictly enforced—if it can't push higher, exit immediately.