$AIO is up +17% and everyone's piling in late. I'm looking the other way 👇
After climbing from 0.0336 to 0.05386 in 3 days (+17% on the day), momentum is showing signs of exhaustion.
The break above 0.05 was tiny (7.7%) and AIO got rejected from 0.05386 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 0.04519. Nobody's touched $AIO it since the pullback (29% of the leg), so it's the obvious magnet. A move above 0.05386 proves me wrong.
📌 My AIO trade: short from 0.05033, stop at 0.0529, target 0.04519 (+10.2%, 1:2)
📊 24h Vol: $23.9M | 24h Chg: +17.3% | Funding: +0.0050%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
Not financial advice. Manage your risk.
#AIO #Crypto #Trading
After climbing from 0.0336 to 0.05386 in 3 days (+17% on the day), momentum is showing signs of exhaustion.
The break above 0.05 was tiny (7.7%) and AIO got rejected from 0.05386 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 0.04519. Nobody's touched $AIO it since the pullback (29% of the leg), so it's the obvious magnet. A move above 0.05386 proves me wrong.
📌 My AIO trade: short from 0.05033, stop at 0.0529, target 0.04519 (+10.2%, 1:2)
📊 24h Vol: $23.9M | 24h Chg: +17.3% | Funding: +0.0050%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
Not financial advice. Manage your risk.
#AIO #Crypto #Trading
