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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Disclaimer: All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice and do not necessarily reflect the views of Crypto Banter or The Whale Room. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.