AEVO PRICE UPDATE
Coin Name: $AEVO
Position: Short
Entry Price: 0.1162
On the daily timeframe, AEVO is forming a descending channel. A breakout above the channel’s upper trendline could signal a potential bullish reversal. However, at the moment, AEVO is showing low volume and has recently been rejected from the upper boundary of the channel. This lack of momentum, combined with the rejection, supports a bearish outlook for now.
On the daily timeframe, there is significant liquidity resting below the current price level in AEVO. I expect the price to move lower first to sweep this downside liquidity before potentially reversing to the upside.
Leverage: 3X
Targets
1st TP 0.1090
2nd TP 0.1000
3rd TP 0.0900
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$AEVO
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