🚨 AEVO Update
AEVO is Binance's 48th laichpool project. As a decentralized derivatives exchange, I rate this project quite positively.
However, for 5 consecutive days, AEVO has strongly reduced prices without stopping, so what is the reason and where should we buy?
👉 Investors claim Farm rewards when trading on the AEVO exchange. In addition, stakes receive rewards and begin to sell in large volumes.
👉 Profit taking by scalping investors, in addition to the stop-loss effect when the market drops sharply for AEVO
👉 In the long term, AEVO can reach the $5-10 mark, which is possible for a decentralized derivatives project like it.
AEVO can continue to reduce the price to less than 1.8-2$ but I will keep it at the current price of 2.28$
Buy and DCA when reaching the milestones of $2 and $1.85 - $1.50 Hold long term and Target is $4
An analytical article covering SPOT signals by Trading Insight with AEVO on April 12, 2024
Wish you luck, see you next month.