AevoLong
AEVO accumulation leading to breakout?
1. Aevo is over 6x down from launch(?) and ATH. Early holders underwater and 100% unlocked within first 6 weeks - see 15 May dump? Very promising.
2. It has spent the past 5 months trending sideways, in a clear channel between 0.3 and 0.45
3. It has recently had a change in structure, with consecutive higher lows. Its first attempt at a breakout got rejected at the 200 day SMA.
4. If it retraces back to the mid channel level of 0.375, there may be a juicy long in the wings.
SL around 0.31 (or double up if on spot!), TP1 at 0.59, TP2 at 1.12, TP3 at 1.85, and you are only half way to the March 2024 price.
2. It has spent the past 5 months trending sideways, in a clear channel between 0.3 and 0.45
3. It has recently had a change in structure, with consecutive higher lows. Its first attempt at a breakout got rejected at the 200 day SMA.
4. If it retraces back to the mid channel level of 0.375, there may be a juicy long in the wings.
SL around 0.31 (or double up if on spot!), TP1 at 0.59, TP2 at 1.12, TP3 at 1.85, and you are only half way to the March 2024 price.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.