$AERGO LONG
Entry: 0.0535 – 0.0545
TP: 0.0575 – 0.0600 – 0.0640
SL: 0.0515
Still maintaining a bullish structure on the 1H timeframe after a strong breakout from the 0.0462 zone. Price is currently above MA7, MA25, and MA99, indicating that the medium-term trend is still in favor of the bulls. After the corrective move from the peak at 0.0642, selling pressure is gradually weakening, and price is forming a new accumulation zone above MA25.
RSI is holding around the 60 level, not yet in overbought territory, creating conditions for another potential rally if capital flow returns. Trading volume remains significantly higher compared to the period before the breakout, showing that market interest is still present.
If we can hold the support zone at 0.0530–0.0540, there's a good chance we can push towards the resistance zone at 0.0575 and further to the nearest peak around 0.0640.
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