🔥 $AEVO
Bearish Breakdown – Seeking Lower Liquidity 📉
After failing to hold key levels, AEVO has entered a bearish continuation phase. The recent breakdown below the $0.0350 psychological support suggests that sellers are firmly in control. This move aligns with the broader market's "wait-and-see" mood following the Federal Reserve’s decision to hold interest rates steady at 3.5% – 3.75%.
While Binance expands its ecosystem—recently launching TSLA-linked Equity Perps—decentralized derivatives like Aevo are facing stiff competition and a "sell-the-news" reaction following their massive 69 million token burn earlier this month.
📉 Short Setup: $AEVO Bearish Continuation
Entry Zone: $0.0345 – 0.0353
Confirmation: Stronger momentum if price stays below $0.0348
Stop Loss (SL): 0.0362 (Above the recent breakdown candle)
🎯 Profit Targets (TP)
TP1: 0.0332 (Immediate support test)
TP2: 0.0315 (Mid-range consolidation floor)
TP3: 0.0290 (Major psychological target)
🔍 Market Narrative & Macro
Fed Factor: With Jerome Powell nearing the end of his term in May, the market is bracing for a new Fed Chair nomination next week. Uncertainty favors the bears in the short term as capital rotates into safer havens like Gold, which is currently hitting record highs.
Volume Alert: Watch for increased volatility as traders hedge positions using the new TSLA Equity Perps on Binance.
Risk Management: Always use a Stop Loss. Aevo’s recent oracle vulnerability remains a point of caution for long-term sentiment—trade the chart, not the hopium!
✍️ Analysis by: Nabiha Noor
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