Trading Signals for $AI Sleepless AI
Action: Short-term trade
Entry Range: $0.6230 - $0.6350
AI has been showing significant volatility in the past 24 hours with a strong 11.33% price movement. The price recently consolidated within a range between $0.5526 and $0.6368. A potential breakout pattern is forming, with support near $0.55 and resistance at $0.64. We expect a brief continuation of the upward trend toward the resistance zone at $0.63 to $0.635, creating a good opportunity for a quick scalping trade.
For a long position, enter at the lower end of the range ($0.6230 - $0.6350) with a stop-loss around 0.75% below the entry price to protect against any unexpected retracements. Target a quick profit within the range, aiming for a 4% to 10% gain, with a focus on resistance at $0.64.
For a short position, wait for a slight breakout above $0.6350, then pull back. Set a stop-loss just above the resistance ($0.6450). The potential TP is around $0.60 if the price returns to its consolidation level.
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🚨Note: Trade at your own risk. DYOR.
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