$AERO is now $0.87. After rising from $0.53 over the past 30 days, it has gained another 33% in the last 7 days. For people who have been watching for more than half a month without taking action, the hardest part now isn’t missing the trade—it’s that every move has a cost: if you chase it, you’re afraid this is just a repeat of the bounce from $0.47 to $0.87, followed by a rotation-and-whipsaw where you first get trapped by 20%; if you don’t chase and the volume continues to push it higher, you’ll have to watch it run toward $1.2—then you won’t be able to bring yourself to pull the trigger.
In fact, the price action isn’t that ambiguous. On September 26, trading volume of $142M broke the previous high; on the 27th, volume was still $130M, but the price basically moved sideways around $0.87 and failed to hold above $0.93—this suggests the demand is still there, but there’s also overhead selling pressure, and disagreement is increasing. What I care about most is that it’s still -62% below the ATH; the trapped positions above $1.0 are a clear resistance zone. So the issue with $AERO isn’t really whether it’s “expensive,” but whether this wave of volume can continue above $0.93.
Here’s a multiple-choice question for everyone: if next $AERO pulls back on decreasing volume to $0.70–0.75 without breaking, will you choose to wait for a breakout signal with volume before boarding, or go in first with a light position and set a stop-loss for testing at $0.65? But if instead it this week directly puts volume behind it and absorbs $0.93, what will you do then? Think through these two scenarios before deciding whether to act today.
In fact, the price action isn’t that ambiguous. On September 26, trading volume of $142M broke the previous high; on the 27th, volume was still $130M, but the price basically moved sideways around $0.87 and failed to hold above $0.93—this suggests the demand is still there, but there’s also overhead selling pressure, and disagreement is increasing. What I care about most is that it’s still -62% below the ATH; the trapped positions above $1.0 are a clear resistance zone. So the issue with $AERO isn’t really whether it’s “expensive,” but whether this wave of volume can continue above $0.93.
Here’s a multiple-choice question for everyone: if next $AERO pulls back on decreasing volume to $0.70–0.75 without breaking, will you choose to wait for a breakout signal with volume before boarding, or go in first with a light position and set a stop-loss for testing at $0.65? But if instead it this week directly puts volume behind it and absorbs $0.93, what will you do then? Think through these two scenarios before deciding whether to act today.