📢
$AAOIB / $USDT | 🔴 SHORT | ⭐ 77.8%
🎯 Objective: $114.62. Is it still falling?
🎯 Trading Levels:
🟢 Entry: $120.87
🛑 Stop Loss: $124.62
🏁 TP1: $114.62
🏁 TP2: $113.37
🏁 TP3: $110.87
📉 Analysis:
The asset
$AAOI shows a bearish alignment across all timeframes (multi-timeframe), with the price trading below the EMA20 and EMA50 moving averages, confirming selling pressure. The RSI at 34.39 (indicating weakness without reaching extreme oversold) and the bearish MACD crossover (-2.1901) validate the downward momentum, supported by consistent selling absorption despite double and triple bottom patterns on lower timeframes.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if the price breaks above our stop loss zone at $124.62, which would negate the current bearish structure. We will monitor that selling volume remains strong to break the immediate support and continue the trend toward the stated targets.
Do you think the current volume is enough to break technical support, or do you expect a larger pullback before continuing the drop?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #AAOIB #trading #Futures #Bearish