Dear Family;
.
.
.
🪷
• A major bullish breakout occurred after breaking the downtrend.
• Entered a position when AEVO broke the downtrend but exited early due to unexpected movement.
• AEVO’s volume exceeds $800 million, with a significant portion from lesser-known exchanges, suggesting potential manipulation.
• Unusual spikes in open interest indicate higher volatility.
• Bitcoin is strong, and AEVO has a solid project with a $400 million market cap.
• AEVO is facing resistance around $3.7, with main support at $3.25.
• Cautious about a potential crash due to dropping open interest and significant resistance.
• Advised to wait for confirmation of breakout above $3.7 or breakdown below $3.25.
• Most likely scenario is a bullish breakout to $4.25, but a drop to $3.25 is possible if support is broken.
🪷
