AERO Price Alert: Cup and Handle Dynamics at Play!

29 พ.ค.

💎 Paradisers, #AEROUSDT has formed a cup and handle pattern, which increases the probability of a bullish move.

💎 If #AERO breaks the resistance area, we can expect a bullish move. This area might also coincide with the stop loss points of retail sellers, as inferred from the price action and where sellers are likely to have entered. This increases the likelihood that triggering these stop losses could further propel the price upward in the coming days.

💎 In the case of a pullback, we can expect a bounce from the demand level, though the probability of a bounce here is less than that of a bullish move following the breakout of resistance.

💎 However, if the price breaks below the demand level, it will invalidate our bullish outlook. In that case, it would be better to wait for more favorable price action to develop.

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