$AERO 🏋️
$AERO hit with 15.4x sell volume spike, is this over or just starting?
- I expect the price to remain under bearish pressure as long as it trades below 0.4950 and especially below the equilibrium level (0.5065). The massive volume spike with the sharp drop points to smart money distribution rather than just panic selling, and it's likely we'll see at least a retest or even a sweep of 0.4809 and potentially 0.4748.
- Trade Setup Example: If price bounces and rejects the 0.4950–0.5000 zone (look for a bearish engulfing candle or pin bar confirmation on the 15m or 5m), consider a short entry around 0.4950. First take profit at 0.4809, second target at 0.4748. Stop-loss should be placed above the most recent minor swing high or above 0.5051, depending on your risk tolerance.
- If price sweeps below 0.4748 and shows a powerful reversal with clear bullish structure on lower timeframes, a quick scalp long could be attempted targeting a move back to 0.4890 or 0.4950—but only with strong reversal confirmation.
- My bias would turn bullish if price breaks and holds above 0.5051 with strong buying volume and structure shift on lower timeframes, targeting 0.5229 next. Until then, I expect lower prices to be tested first.
- Always wait for confirmation: watch for pin bars, strong engulfing candles, or reversal formations on lower timeframes (5m/1m) before entering, especially after extreme volume spikes like this.
📝 This is not investment advice, but an educational analysis report. Trade safely and always use proper risk management!
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#AERO