Chartist: Kyle
(For the chart screenshot, click here.)
AITECH is currently coiling between the 21- and 200-day EMAs, showing bullish strength as it sets higher lows. A potential dip into the $0.09 zone could offer us an entry, especially if the daily close leaves a wick, indicating buying interest. If the price breaks above and consolidates beyond the wedge neckline, closing above the 200-day EMA, we could see strong upward momentum. With a potential 400% risk-to-reward ratio, this trade presents us with an excellent opportunity.
Entry: Look for confirmation of a break and close above the 200-day EMA.
Key Levels to Watch:
Pullback zone: $0.09 (ideal for potential entry with confirmation)
Take Profit (TP):
TP1: $0.166
TP2: $0.21
TP3: $0.28
TP4: $0.38
TP5: $0.48
Stop Loss: Daily close below $0.07
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