$AEVO

/USDT Technical Analysis & Trade Signal

Current Price: $0.5073 (up 5.34%)

Trend: Bullish short-term (based on recent 5.34% price increase).

Support Levels: $0.4651 (24h Low), $0.4691 (Sell Depth)

Resistance Levels: $0.5103 (Buy Depth), $0.5083 (24h High)

Momentum:

The price shows upward momentum, with a 5.34% increase in the last 24 hours.

Strong buying pressure at current price levels, as indicated by the buy orders near $0.5073 - $0.5103.

RSI (Relative Strength Index) would likely be showing bullish signals above 50 (if analyzed), but caution should be exercised as the market could be overbought after significant movement.

Trade Signal:

Entry Point: Buy near current levels of $0.5073 (close to resistance).

Targets:

1. Target 1: $0.5100 (First Resistance)

2. Target 2: $0.5150 (Psychological Resistance)

3. Target 3: $0.5200 (Next Strong Resistance)

Stop Loss: Set around $0.4650 (to manage risk below the 24h low).

Conclusion: With the current price rising and strong momentum, the trade is favorable for short-term gains with potential upward movement towards $0.5150 and $0.5200. However, monitor for any reversal signals at resistance levels, especially if RSI starts showing overbought conditions.

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