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AEVO / TetherUS PERPETUAL CONTRACT

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AEVOUSDT.P trade ideas

Trade Idea for Aevo (AEVO) - Accumulation StrategyAevo (AEVO) is currently trading around $0.82, experiencing significant volatility due to upcoming token unlock events and its recent market performance. With a circulating supply of 110 million AEVO and a maximum supply of 1 billion, the market cap stands at approximately $90 million​. Consider initiating a position at the current price level of approximately $0.82. This price provides a strategic entry point, considering the recent price corrections and the potential for future rebounds. Plan to accumulate additional AEVO tokens at lower price points of $0.80 and $0.60. This approach allows for averaging down the entry price and capitalizing on market dips. Set multiple take-profit targets to capture potential gains during upward price movements. The initial targets can be set at $1.80 and $2.25, followed by $3.00 and $3.50. These targets are chosen based on psychological price levels and potential resistance points. On May 15, 2024, a significant token unlock event will increase the circulating supply by 827.6 million tokens. This could lead to short-term price volatility but also presents opportunities for strategic accumulation during potential dips​​. AEVO’s role as a decentralized derivatives exchange with a custom Layer 2 solution enhances its value proposition. Despite recent declines, the long-term potential remains promising due to its robust trading infrastructure and backing by significant investors​. Accumulating AEVO at strategic price points leverages market volatility and the potential for future growth. The phased profit-taking strategy aims to optimize returns as the market potentially appreciates following the token unlock event and increased adoption. This trade idea is based on the current market data and AEVO’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz
Aevousdt Trading ideaAEVOUSDT is currently displaying signs of a potential falling wedge formation, with the price exhibiting a pronounced downward movement towards a slanting downtrend trendline. We have identified a potential ending point for the wedge pattern, coinciding with a major demand zone suitable for accumulation. This zone has been estimated using Fibonacci extensions, adding confluence to our analysis. Profit targets have been outlined on the chart, providing guidance for potential upside movements. To manage risk effectively, we recommend implementing a stop-loss strategy, with a suggested minimum of 20% below the identified accumulation zone.
by weslad
8
AEVO - Bullish divergenceOn the above 12hr chart price action has corrected 65% since late March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Bullish divergence. Eight oscillators print positive divergence with price action. 3) Everything that was said above is also true for the AEVO.BTC pair (see below). Is it possible price action can correct further after a 65% correction? Sure, sellers are like that. Is it probable? No Ww Type: Trade Risk: <= 6% Timeframe for long: now Return: 150% for starters AEVO - BTC pair
Long
by without_worries
51
AEVO: Reversal Pattern ! 10$ NEARAEVO is exhibiting a potential reversal pattern and appears poised for a breakout to the upside. After its initial listing on Binance, AEVO surged to an all-time high and then experienced a sharp decline, coinciding with a bearish market sentiment. However, recent price action suggests a potential reversal, mirroring the pattern that preceded the previous downtrend but in the opposite direction. Key Points: AEVO Swept All-Time High and Declined: Following its Binance listing, AEVO peaked at around $15 and then retraced significantly. This initial price movement can be attributed to both profit-taking and the overall market conditions. Reversal Pattern Formation: AEVO is currently forming a pattern that resembles the one that preceded the previous downtrend, but in reverse. This pattern suggests a potential reversal from the recent bearish trend. Horizontal Accumulation Sweep: AEVO is currently sweeping through a horizontal accumulation range, indicating the presence of significant liquidity at this level. This accumulation phase could serve as a springboard for a breakout. Bullish Outlook: Based on the reversal pattern, horizontal accumulation sweep, and potential market recovery, I anticipate a bullish breakout for AEVO. The initial target for the breakout is $10, with the potential for further upside movement if the momentum continues.
Long
by Yaroslav_Krasko
4