1. Price forecast (short-term, medium-term)
Short-term outlook: On the 4-hour chart, #AEVO is in a downtrend despite the current short-term bounce. The RSI indicator points to a possible continuation of the bounce, but the price is still below key resistance levels.
Medium-term forecast: The current trend remains bearish, and in case of a return below the $0.34 level, the price may continue to decline to $0.30 or even lower.
2. Support and resistance levels
Support:
$0,34
$0,30
$0,28
Resistance:
$0,38
$0,42
$0,48
3. Entry, exit, stop loss points for long positions
Entry: Around $0.34 if price holds above that level.
Target: $0.38, $0.42
Stoploss: $0.32
4. Entry, exit, stop loss points for short positions
Entry: In case of a rebound to the $0.38 level and an unsuccessful attempt to break through.
Target: $0.34, $0.30
Stoploss: $0.40
5. Long and short scenarios with probability assessment
🟢LONG Scenario: Enter long after a rebound to $0.34 with targets of $0.38 and $0.42. The probability of a successful scenario is about 45%, as the main trend remains downward.
🛑SHORT Scenario: Enter short when there is a rebound to $0.38 and a breakout is impossible. Targets are $0.34 and $0.30. The probability of a successful decline is higher, about 60%, given the dominant bearish trend.
⚠️ Overall conclusion: AEVO is in a downtrend with limited signs of reversal. Technical and on-chain data point to continued pressure on the price. Subscribe to stay up-to-date with the latest news! 🔔💰➡️🌀@INVESTIDEAUA INVESTIDEAUA