$AIA is moving inside a tight consolidation range on the 1H chart between the 0.055800 support zone and 0.065704 resistance. Price action has slowed down, but the structure is starting to look like a breakout could be brewing soon.
Setup:
• Entry: 0.0595 – 0.0608
• Target 1: 0.0657
• Target 2: 0.0710
• Target 3: 0.0780
• Stop-loss: 0.0568
RSI around 34.6 shows momentum has cooled significantly, which often happens before expansion moves. As long as support continues holding, AIA still looks positioned for a possible breakout attempt from this consolidation zone.
Trade #AIA here
AIA
Alpha
0.057661
-8.00%