AIA just cleared its wedge formation and is now sitting comfortably above the 20-day moving average on the daily timeframe. The overall structure looks solid, but here's where it gets interesting—price is creeping toward a notable supply zone that could act as resistance.
Momentum's cooling off a bit, so don't be shocked to see a pullback soon. That consolidation phase could set up nicely for the next push higher.
If you're looking to position: • Entry range: 0.130 - 0.135 • First target: 0.148 • Second target: 0.158 • Third target: Further resistance awaits above
Keep an eye on volume during any dip—it'll tell you whether the buyers are still interested at lower levels.
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MEVHunterZhang
· 12-27 04:05
Damn, it's another supply zone blocking the way. The momentum here is decaying quite rapidly.
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gas_fee_therapist
· 12-26 18:52
Hmm, it's the same old recipe... I've heard a lot about the supply zone. Will this time really be different?
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LightningPacketLoss
· 12-26 18:49
I believe in the weakening of momentum, but can the supply zone really hold?
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LayerZeroEnjoyer
· 12-26 18:39
Another wedge breakout. Is this really the time it can break through the resistance?
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StrawberryIce
· 12-26 18:24
Oh no, another pullback. Can it really break through the supply zone this time?
AIA just cleared its wedge formation and is now sitting comfortably above the 20-day moving average on the daily timeframe. The overall structure looks solid, but here's where it gets interesting—price is creeping toward a notable supply zone that could act as resistance.
Momentum's cooling off a bit, so don't be shocked to see a pullback soon. That consolidation phase could set up nicely for the next push higher.
If you're looking to position:
• Entry range: 0.130 - 0.135
• First target: 0.148
• Second target: 0.158
• Third target: Further resistance awaits above
Keep an eye on volume during any dip—it'll tell you whether the buyers are still interested at lower levels.