$AERO TECHNICAL ANALYSIS: BULLISH TREND CONFIRMED | $5 LONG-TERM TARGET
#AERO has already turned bullish after a HTF close above $0.6328, confirming a bullish CHoCH. The long-term descending TL has also been broken, providing a second bullish confirmation.
Target 1 at $0.7952 has already been achieved. Now, I’m watching for the next potential leg higher.
My Trading Plan:
➤ Preferred Entry Zone: $0.58–$0.46
➤ Target 1: $0.7952 ✅
➤ Target 2: $1.63
➤ Target 3: $3
➤ Final Target: $5
Why I’m Bullish:
The HTF structure has shifted bullish, and the former resistance around $0.6328 has become a key structural reference. A deeper pullback into the $0.58–$0.46 zone could offer an attractive entry opportunity if price forms a higher low and buyers defend the region.
I’m not chasing the current move. I’d rather wait for a potential retracement into my preferred entry zone before the next expansion toward $1.63, $3 and eventually $5.
The key is to preserve the bullish market structure. A sustained breakdown below the relevant support levels would weaken this setup.
#AERO has already turned bullish after a HTF close above $0.6328, confirming a bullish CHoCH. The long-term descending TL has also been broken, providing a second bullish confirmation.
Target 1 at $0.7952 has already been achieved. Now, I’m watching for the next potential leg higher.
My Trading Plan:
➤ Preferred Entry Zone: $0.58–$0.46
➤ Target 1: $0.7952 ✅
➤ Target 2: $1.63
➤ Target 3: $3
➤ Final Target: $5
Why I’m Bullish:
The HTF structure has shifted bullish, and the former resistance around $0.6328 has become a key structural reference. A deeper pullback into the $0.58–$0.46 zone could offer an attractive entry opportunity if price forms a higher low and buyers defend the region.
I’m not chasing the current move. I’d rather wait for a potential retracement into my preferred entry zone before the next expansion toward $1.63, $3 and eventually $5.
The key is to preserve the bullish market structure. A sustained breakdown below the relevant support levels would weaken this setup.