Aevousdt Trading idea

AEVOUSDT is currently displaying signs of a potential falling wedge formation, with the price exhibiting a pronounced downward movement towards a slanting downtrend trendline. We have identified a potential ending point for the wedge pattern, coinciding with a major demand zone suitable for accumulation. This zone has been estimated using Fibonacci extensions, adding confluence to our analysis.

Profit targets have been outlined on the chart, providing guidance for potential upside movements. To manage risk effectively, we recommend implementing a stop-loss strategy, with a suggested minimum of 20% below the identified accumulation zone.