"The Avantis price has stopped free falling and is now compressing between a clear support zone below and heavy resistance overhead. Buyers have stepped in at this demand area before and for now it continues to hold.
Above price sits a major resistance zone tied to prior breakdown structure and high volume. Every push into this area has been rejected so far. This is the level that needs to be reclaimed for momentum to shift.
At the moment this looks more like consolidation than continuation.
If support holds price can continue ranging and attempt to form a higher low. A clean reclaim of resistance would open the door for a larger relief move. Losing support would put downside continuation back in play.
This is a patience zone. Confirmation matters more than anticipation. Watching to see which side breaks first.
