$AVA
Based on the 1H and 4J charts for the AVA/USDT coin:
1. 1H chart:
A small rebound is seen after dropping significantly to the 1.6500 level.
Selling pressure is still dominant, but green volume is starting to appear as an indication of a potential short-term price reversal.
The price is around the 1.7610 level.
2. 4J chart:
The price is starting to try to rise after touching the 1.6500 level (nearest support).
RSI(6) at the 42.47 level, indicates that the price is not overbought yet, but is starting to have the potential to move up.
Bollinger Bands show that the price is near the lower band (1.5797) which usually gives a reversal signal.
Volume is starting to increase on the last candle.
Estimated Price Movement in 8 Hours:
The price has the potential to rebound to the 1.80 – 1.85 area if the bullish momentum continues.
However, if it fails to break through the resistance level at 1.80, the price could fall back to test 1.65.
Open Position Suggestion:
Buy (Long): In the area of 1.72 - 1.75 with a profit target of 1.80 - 1.85.
Stop Loss: Below strong support of 1.65.
Pay attention to volume developments and confirm a breakout if the price breaks through resistance. If the volume strengthens, bullish continuation can occur.