AEVO/USDT Short Trade Setup Analysis (1D Timeframe - Binance)

1 Feb

🔍 Market Context:
- AEVO is in a downtrend, with a series of lower highs and lower lows.
- The price has retraced from recent lows and is testing key Fibonacci retracement levels as resistance.

📊 Trade Entry Criteria:
- The entry aligns with the 0.5 Fibonacci retracement level (0.2717), a historically strong resistance point in a bearish market.
- Price is showing rejection wicks around the 0.382 (0.2626) to 0.5 (0.2717) levels, indicating selling pressure.
- The previous strong bearish candles suggest sellers are in control.

🎯 Trade Targets & Risk Management
- Entry Price: Around 0.2648 - 0.2717 USDT
- Stop Loss (SL): Above 0.3106 USDT (-1 Fib level)
- Take Profit (TP): At 0.1576 USDT (-1 Fib extension)
- Risk-to-Reward Ratio: High R:R trade (approximately 1:4 or better)

🛑 Stop-Loss Placement:
- The stop-loss is placed above 0.3106 USDT, beyond the -1 Fib extension, ensuring protection against price spikes.

📉 Profit Target Justification:
- The primary take-profit target is around 0.1576 USDT (-1 Fib extension), aligning with previous swing lows.
- If bearish momentum continues, a deeper drop towards 0.1300 USDT could be possible.

📌 Summary
✔ Bearish rejection at Fibonacci levels
✔ Confluence with overall downtrend
✔ Clear risk-reward ratio (high probability short setup)
✔ Targets key support zones from historical price action

🔻 If price closes above 0.3106 USDT, the trade is invalidated. Otherwise, a continuation lower is expected.

1 Feb

Dagangan aktif

Trade is going well. Take partial profits here at 0.2381 as we may see price come up a bit here.

2 Feb

Dagangan ditutup: sasaran tercapai

Trade closed. Can keep a portion open if you choose depending on your entry.

25 Feb

Nota

Target hit