$AIA Pushing into the resistance zone, short with discipline 🔻
Short AIA trading plan (20x)
Entry point: 0.0780 – 0.0800
SL: 0.0825
TP1: 0.0685
TP2: 0.0640
TP3: 0.0600
AIA is pushing up to the 0.0780 – 0.0800 zone after a pullback from below. But don't get your hopes up too high; this zone is showing clear resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.
The stop loss is placed at 0.0825 – a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, the targets 0.0685 → 0.0640 → 0.0600 are entirely feasible.
The distance from entry to stop loss is quite close (~3.1-5.7%). Suitable for a short-term short order. The targets are far apart, so be patient and take profits gradually.
Do you think this area is stable? Or is there still an upward wave? Comment to discuss!