Currency $AAOI Trading Alert 💹
Ranging — Suggestion
Entry range: 101.9383-102.9217
Stop loss: 101.4467
Targets: 103.4543, 104.2737, 105.2980
Technical analysis: Damn it—AAOI’s price action is really grinding the life out of me. It’s been hovering around 102.43 all day, and the two EMA lines are stuck together like double-sided tape—102.60 and 102.54. A crossover? What crossover? It’s like there’s no crossover at all. RSI is down to 12.8; in theory it should have already oversold and rebounded, right? And then what? It just stubbornly lies there—pulls up by a centimeter and then gets smashed back down, like it’s playing with me. I slapped my own thigh and ended up bruising it. Yesterday I thought I’d wait for a volume breakout to enter, but instead it showed you reduced-volume sideways action. So where exactly is the bottom of this range? The stop loss is set at 101.446672—down to six decimal places. Is the market maker doing it on purpose? Just off by a tiny amount and it would shake me out? Exhausting… truly exhausting. Right now it’s stuck in no-man’s-land. I’ll either wait for it to break below 101.4 and cut my hand with the stop loss, or if it puts up volume and holds above 103, then I’ll chase. Between those two points, whoever wants to play can play—I’ve moved my chair and I’m just watching.
Suggested stop loss level: 101.446672. Please adjust your position size according to your own risk tolerance
#AAOI
Ranging — Suggestion
Entry range: 101.9383-102.9217
Stop loss: 101.4467
Targets: 103.4543, 104.2737, 105.2980
Technical analysis: Damn it—AAOI’s price action is really grinding the life out of me. It’s been hovering around 102.43 all day, and the two EMA lines are stuck together like double-sided tape—102.60 and 102.54. A crossover? What crossover? It’s like there’s no crossover at all. RSI is down to 12.8; in theory it should have already oversold and rebounded, right? And then what? It just stubbornly lies there—pulls up by a centimeter and then gets smashed back down, like it’s playing with me. I slapped my own thigh and ended up bruising it. Yesterday I thought I’d wait for a volume breakout to enter, but instead it showed you reduced-volume sideways action. So where exactly is the bottom of this range? The stop loss is set at 101.446672—down to six decimal places. Is the market maker doing it on purpose? Just off by a tiny amount and it would shake me out? Exhausting… truly exhausting. Right now it’s stuck in no-man’s-land. I’ll either wait for it to break below 101.4 and cut my hand with the stop loss, or if it puts up volume and holds above 103, then I’ll chase. Between those two points, whoever wants to play can play—I’ve moved my chair and I’m just watching.
Suggested stop loss level: 101.446672. Please adjust your position size according to your own risk tolerance
#AAOI