Today, let's discuss a token that has real-life use cases, namely Ava, which is the native token of Travel.com. It's anticipated that this token may experience significant adoption in the future.
Let's begin by opening the monthly chart. What we observe is that it initiated an MSS (Market Structural Shift) last month. Since Bitcoin is undergoing a slight correction this month, we can see a slight correction trend in Ava as well. However, it's expected to rise again. In the long term, I anticipate a good return from here.
On the weekly timeframe, it's seen trading within a range, ranging from $0.7 to $1. If BTC undergoes a correction, we might see a wick down to $0.61, after which it could potentially go up to $3 in the future.
According to the daily chart, it's currently at $0.81 and has been in a ranging momentum for quite some time. In the future, it might create an MSS by undergoing a correction down to $0.67 and then potentially go up to $1.37, $1.84, $2.16, and possibly $3.
For entry, I've opened the four-hour chart. Here, there's already a downside liquidity grab. Entry can be made for short-term profits, and $0.76 is the DCA zone. The exit point will be at $0.89 and possibly $0.97 thereafter. Set the Stop Loss (SL) at $0.7.