Current price #AEVO

$0.551

Support and Resistance Levels

Support Levels:

$0.530: Current support level.

$0.500: Next important support level.

Resistance Levels:

$0.600: Current resistance level.

$0.650: Next resistance level.

Possible Entry Points and Stop Loss

Buy entry point:

If the price holds above $0.530, this could be a good buying point.

Stop Loss: $0.500 level to limit losses.

Selling entry point:

If the price reaches $0.600 and starts to decline, this could be a signal to sell.

Stop loss: Level $0.620 to protect positions.

Price Movement Forecast

Short term forecast:

The price could fluctuate between $0.530 and $0.600 in the coming days as traders assess current support and resistance levels.

Mid-term forecast:

If the price breaks the $0.600 level, an increase to $0.650 is possible. If it falls below $0.530, the price may drop to $0.500.

Technical analysis

The chart shows that the price is moving in a downward channel. The recent upward breakout of the $0.530 level may indicate the beginning of a trend reversal. If the price can consolidate above this level, then a further upward movement to $0.600 and $0.650 is possible.

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