Coin Name: $AEVO
Position: SHORT
Entry Price: 0.0980 (Enter on this price)
On the 1-hour timeframe, AEVO has formed a bearish flag pattern and has already faced rejection from the upper trendline. Additionally, RSI is showing bearish divergence and has broken down from the supply zone support. These confluences suggest a bearish outlook on AEVO. A short position from the current level could be considered.
There’s significant liquidity resting below the current price. AEVO is likely to move lower to capture that liquidity, which supports my bearish bias.
BTC.D has formed a falling wedge pattern, which is typically a bullish setup. It has already broken above the upper trendline and completed a clean retest, confirming the breakout. If BTC.D continues to move higher, it could signal a shift of capital back into Bitcoin—often leading to downside pressure across the altcoin market.
Leverage: 4x
Targets:
1st TP 0.0940
2nd TP 0.0905
3rd TP 0.0875
Stop-Loss: 0.1045
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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