AINUSDT Perp: Testing MA60 resistance after a +4% increase 🔄📈
AIN is trading at $0.04898, up +3.95% today. The price is currently testing the 60-period moving average ($0.04911), which is now acting as immediate resistance. The daily range is defined by a high of $0.05005 (major resistance) and a low of $0.04524 (major support), indicating volatile momentum.
Trading Idea (break resistance or rejection):
Scenario 1 (Buy on MA60 break):
Entry Zone: $0.04915 – $0.04950 (upon confirmed break above MA60)
Stop Loss (SL): below $0.04860 (loss of breakout level)
Take Profit Targets (TP):
TP1: $0.05000 (retest of the highest in 24 hours)
TP2: $0.05100 (next resistance extension)
Scenario 2 (Sell on MA60 rejection):
Entry Condition: rejection at MA60 and drop below $0.04880
Stop Loss (SL): above $0.04930
Take Profit (TP): $0.04800 → $0.04700
$AIN
Trading volume is notable at $1.77 million. The daily rise indicates bullish momentum, but MA60 rejection could lead to a short-term decline. Manage risks with clear stop levels.
#AIN #USDT #TradingSignals #BukhariTechTips