AEVOUSDT is currently displaying signs of a potential falling wedge formation, with the price exhibiting a pronounced downward movement towards a slanting downtrend trendline. We have identified a potential ending point for the wedge pattern, coinciding with a major demand zone suitable for accumulation. This zone has been estimated using Fibonacci extensions, adding confluence to our analysis.
Profit targets have been outlined on the chart, providing guidance for potential upside movements. To manage risk effectively, we recommend implementing a stop-loss strategy, with a suggested minimum of 20% below the identified accumulation zone.
Profit targets have been outlined on the chart, providing guidance for potential upside movements. To manage risk effectively, we recommend implementing a stop-loss strategy, with a suggested minimum of 20% below the identified accumulation zone.
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📢Follow the official links only! Trade smart, stay safe! 🎯
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Forex zone: t.me/+piiPgrNtrulkNDk0
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Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.