TradeCity Pro | AERO Testing Key Support on Curved Uptrend

👋 Welcome to TradeCity Pro!
In this analysis, I want to review the AERO coin for you. It is one of the largest crypto DEX platforms that mainly operates in China Base and currently ranks 77th on CoinMarketCap with a market cap of $1.05 billion.

📅 Daily Timeframe
In the daily timeframe, we see an uptrend that has been moving sharply upward along a curved trendline.

⚡️ The main resistance for AERO is the 1.5 zone, which I have marked on the chart.

✔️ Price has touched this area once and has now returned to its trendline, forming a minor top at 1.278. If it gets rejected from this level and triggers 1.082, this level will turn into a major top.

🔍 Currently, the 1.082 level is a very good trigger for a short position. Breaking this level confirms the trendline break and could start a large corrective wave toward the next support zone.

✨ However, if the price forms a range box between 1.082 and 1.278, we can open an early long position after the breakout of 1.278. The main trigger for a long position or even a spot buy will be the breakout of the 1.5 zone.

📊 A positive sign for the uptrend is that volume has increased well during bullish waves and decreased during corrections. This indicates strong buyer momentum and is a bullish signal for the trend.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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