$ai16z LONG TRADE SETUP
🧧Entry:0.1272 -01221
🔸Technical Analysis (Hourly Chart)
Uptrend Phase (Aug 1-5): Price surged from ~$0.44 to a peak of $0.597, showing strong bullish momentum.
• Sharp Correction (Aug 5-7): A pullback brought price down to $0.372, testing support levels.
• Recovery Underway (Aug 8): Price has rebounded to ~$0.398, reclaiming the $0.390-$0.400 zone-now acting as short-term support.
🎯 The recent bounce, combined with stabilizing volume, suggests selling pressure may be easing. However, resistance looms at:
• $0.433 (first major hurdle)
• $0.472
• $0.500 (psychological level)
📊The price has been volatile but in a recovery phase recently.
• It dropped as low as 0.1145 on August 4 but has since rebounded.
• A strong upward move occurred on August 7, spiking from around 0.1220 to 0.1322, showing clear buying momentum.
