$AIA
✅ Bullish Setup (Long)
• Entry Zone: ~$6.10 – $6.25 (so you’re right at/near the entry)
• Stop-Loss: ~$5.60
• Targets:
• TP1: ~$6.70
• TP2: ~$7.00
• TP3: ~$7.50
Key conditions for this to work:
• Price must hold above ~ $5.80 support.
• A clean breakout above ~$6.25-$6.30 with good volume would strengthen the long case.
• If price dips below ~$5.80 with weak support, risk of deeper pullback.
⸻
❌ Bearish Setup (Alternative view)
• If you think the move is overextended, you could consider a short (or at least wait for signs of weakness) if:
• Price fails to hold above ~$5.80 support.
• Price rallies toward resistance (~$7.00) and shows rejection (long upper wicks, volume drying up).
• Entry for short might be ~$7.00-$7.10 on rejection.
• Targets: ~$6.25 → ~$5.60 or lower.
• Stop loss above the rejection (say ~$7.50 or ~$7.60) if you take the short.
⸻
⚠️ Notes & Risk Considerations
• Make sure the asset you’re trading is indeed the same “AIA” with the breakout from ~$1.60 zone — verify ticker/symbol, volume & exchange.
• The breakout from ~$1.60 to ~$6+ is massive — this means risk is higher (volatility, retracement risk).
• Given the current trade entry is near the breakout zone, you have less “buffer” (smaller margin for error) before stop loss hits.
• Always check volume, macro market sentiment, and any news that might affect the price.