🐂 $AIO Quick Take: Bullish Vibes with Some Sideways Action
Hey squad, been eyeing AIO lately – it's holding that bullish momentum strong, but yeah, we're in a bit of consolidation mode right now, which honestly feels like a breather after the recent push.
On volume: Man, those recent spikes were nuts – like that 58M blast during the breakout. Screams big boys (institutions?) jumping in. But now? Volume's tapering off in this sideways phase, which is pretty standard for a healthy pullback, no red flags there.
Capital flows wise: Seeing some net outflows on contracts over the last 24h (-331k) and even longer stretches, probably folks locking in profits after that solid 11.77% run-up. Makes sense, right? But check the short-term – +21k in the last 5 mins points to buyers scooping up dips, so not all doom and gloom.
Price action's looking classic: That bullish engulfing candle with 5.8M volume (that's like 6x the norm) kicked things off. Candles since then are hanging tough above 0.1115 support, and we're building higher lows right over the MA20. Solid structure if you ask me.
My call? Cautiously bullish $AIO – go long but keep your stops tight, don't get reckless.
Entry spots: Best bet is waiting for a dip to 0.109-0.110 where it hits that MA20 sweet spot. If you're feeling aggressive, jump in on a break over 0.1135 (MA5) but only if volume backs it up.
Stop loss: About 3.5% under your entry, say 0.1055-0.1070 to line up with Support
Targets $AIO : First one at Resistance around 0.1190, stretch to next resistance at 0.1262
Heads up on risk: RSI's flirting with 70, and Bollinger %B at 0.82%, If we close under 0.1090, bail on the bull idea and reassess.
#AIO #AIOUSDT #OlaXBT