Wait... look at that wick on
$AVNT . Someone just got trapped at the top.
The 1H chart shows a massive rejection at 0.2200. We had a solid momentum build-up, but that long upper shadow suggests the sellers were just waiting to rug the move.
The current price is sitting around 0.1930, struggling to hold this local support. If we don’t see a bounce soon, we’re likely heading back down to test the 0.1840 zone where the previous base was.
Volume is decent but clearly fading after that spike. I’m staying patient here—no point chasing until the price action stabilizes and proves it can hold above