TradeCityPro | AERO: Testing Support After Trendline Break

👋 Welcome to TradeCity Pro!
In this analysis, I want to review the AERO coin for you. This project is one of the well-known DEXs, ranked 84th on CoinMarketCap with a market cap of $727 million.

📅 Daily Timeframe
In the daily timeframe, since the last time I analyzed it for you, the coin has been rejected from its resistance zone and has broken its curved trendline.

✨ With the break of this trendline and the activation of the 0.9802 trigger, the bearish move of this coin has continued, and the price has dropped to around $0.7.

💥 Currently, the price is still sitting on this support zone and has penetrated it twice so far. If this level breaks, the trend of this coin will turn bearish.

🧮 In that case, we can open a short position on the break of this zone. The next support levels are 0.4839 and 0.3096.

📊 For a long position, we can act after the price stabilizes above 0.9802. The main trigger for the bullish trend will be breaking the 1.5$ zone.

📝 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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