$AIO is up 15% and showing rejection at the highs. Here's why 👇
A 45% surge in 2 days put it up 15% on the day, so I took a closer look at the structure.
Look at what happened around 0.04126: AIO got through by just 4.7%, tagged 0.04318 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.03916. Nobody's touched it since the $AIO pullback (18% of the leg), so it's the obvious magnet. A move above 0.04318 proves me wrong.
📌 My AIO trade: short from 0.04216, stop at 0.04366, target 0.03916 (+7.1%, 1:2)
📊 24h Vol: $27.1M | 24h Chg: +15.5% | Funding: +0.0197%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#AIO #Crypto #Trade
A 45% surge in 2 days put it up 15% on the day, so I took a closer look at the structure.
Look at what happened around 0.04126: AIO got through by just 4.7%, tagged 0.04318 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.03916. Nobody's touched it since the $AIO pullback (18% of the leg), so it's the obvious magnet. A move above 0.04318 proves me wrong.
📌 My AIO trade: short from 0.04216, stop at 0.04366, target 0.03916 (+7.1%, 1:2)
📊 24h Vol: $27.1M | 24h Chg: +15.5% | Funding: +0.0197%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#AIO #Crypto #Trade
