Current price #AEVO
$0.551
Support and Resistance Levels
Support Levels:
$0.530: Current support level.
$0.500: Next important support level.
Resistance Levels:
$0.600: Current resistance level.
$0.650: Next resistance level.
Possible Entry Points and Stop Loss
Buy entry point:
If the price holds above $0.530, this could be a good buying point.
Stop Loss: $0.500 level to limit losses.
Selling entry point:
If the price reaches $0.600 and starts to decline, this could be a signal to sell.
Stop loss: Level $0.620 to protect positions.
Price Movement Forecast
Short term forecast:
The price could fluctuate between $0.530 and $0.600 in the coming days as traders assess current support and resistance levels.
Mid-term forecast:
If the price breaks the $0.600 level, an increase to $0.650 is possible. If it falls below $0.530, the price may drop to $0.500.
Technical analysis
The chart shows that the price is moving in a downward channel. The recent upward breakout of the $0.530 level may indicate the beginning of a trend reversal. If the price can consolidate above this level, then a further upward movement to $0.600 and $0.650 is possible.
📈 Subscribe so you don’t miss the latest news and analytical reviews! 😉@INVESTIDEAUA #INVESTIDEAUA
