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AEVO / TetherUS

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AEVOUSDT trade ideas

AEVO Corrected, But Now Has Potential to Rally 40%The chart displays an ascending triangle pattern, which is typically a bullish continuation pattern. Right Now AEVO has breakout and retest, it seems that the sellers are slowing down. From The 21-day EMA which is currently around 0.978. The price is slightly above the EMA, indicating a possible shift to a bullish trend as the price is starting to move above the average. Order Block: An order block is marked between 1.409 and 1.501. Order blocks are areas where large orders are placed, often leading to significant price reactions. This area might act as a strong resistance zone. Volume: There is a notable increase in trading volume marked on the chart, suggesting heightened interest and possibly indicating the strength behind the current price movement. Overall the Aevo price action look bullish for short term with potential to reach $1.3 - 1.4 #nfa
Long
by CryptoWizard_
AEVOokay so there have been a lot of controversies about this coin and how it is being manipulated tp rekt sellers, bla bla blka. but i personally feel it is a good project and would do well in the next bull run. i noticed that it is accumulating currently, if it breaks this wedge(accompanied with more accumulation), there will be a quick move up to 1.44, but i am personally having this in my spot bag till the end of 2024. for future traders. i recommend .73 as stop loss. use proper risk management... for it is a choppy season.
Long
by Amaizin231
1
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