🔑 Trade Signal for AEVO/USDT(1D Chart)

➡️📉 Pattern:Descending channel (downtrend)

🔨 Entry Point: $0.316 (breakout above resistance)

📏 Stop Loss (SL): $0.284 (below recent support)

🎯 Take Profit Levels (TP):

➖TP1: $0.50 (1.0R)

➖TP2: $1.0 (2.0R)

➖TP3: $1.25 (3.0R)

⚖️ Risk-Reward Ratios (RR):

➖TP1: 1:1

➖TP2: 2:1

➖TP3:3:1

📊 Technical Indicators:

➖RSI (Relative Strength Index):

- Current RSI:39 (neutral, but nearing oversold levels, indicating potential upward reversal).

-Signal:RSI suggests there's room for a bullish momentum shift before reaching the overbought zone (>70).

➖MACD (Moving Average Convergence Divergence):*

➖Current MACD:Converging with a potential bullish crossover imminent.

➖Signal: Once the MACD crosses above the signal line, it will confirm the trend reversal from bearish to bullish, supporting the breakout trade.

🕵️ Signal Summary:

➖Entry on breakout:Above descending channel with volume and confirmed MACD crossover.

➖Stop Loss:Below recent support to limit risk.

➖Take Profits:Adjust based on risk tolerance and technical indicator confirmations (RSI and MACD)

Disclaimer:DYOR and NFa

$AEVO

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