📈 $AIA USDT | DOWNTREND EXHAUSTION REVERSAL [LONG] ⬆️
The AIA chart is signaling that the relentless downtrend following the parabolic spike is showing signs of exhaustion near the bottom! The price has dropped significantly from its high and is now trading near the local low of 0.3228. It is trading well below the short-term moving averages (EMA(7) at 0.3485 and EMA(25) at 0.3547). This overextended position from the mean, combined with potential stabilization at the low, suggests a sharp relief bounce is imminent.
What the Chart is Telling Us:
Extreme Deviation: The price is trading far below all EMAs, making it critically oversold and due for a mean-reversion snap-back.
Consolidation at Low: The price is consolidating slightly above the local low of 0.3228, suggesting that the aggressive selling pressure is fading.
MACD Bearish Exhaustion: The MACD lines (DIF: -0.0048 vs DEA: -0.0051) are deeply negative but are close to crossing bullishly, resulting in a MACD reading of 0.0003. This indicates the bearish momentum is exhausted.
First Target: The immediate target for the correction is to snap back up to the nearest moving average, the EMA(7).
My No-Bullshit Trading Thesis (LONG Bias):
Entry Zone: This is a bottom-fishing entry, capitalizing on the oversold condition, near the current Mark Price around 0.3468.
Critical Stop: Place your stop loss just below the local low at 0.3228. A clean close below this level invalidates the long idea and suggests the downtrend will continue.
Targets:
Target 1: The push to the nearest resistance, the EMA(7) at 0.3485.
Target 2: A break of the EMA(7) opens the path to the main short-term resistance, the EMA(99) at 0.3664.
Target 3 (Optional): The full mean-reversion target is the consolidation high near 0.4061 if the bounce gains significant traction.
⚠️ AIAUSDT is critically oversold and showing signs of bearish.
How high will AIAUSDT bounce on this correction? Drop your price! 👇
