📉 $AZTEC
The Short Opportunity – Post-TGE Exhaustion? ⚠️
After a massive launch and listing rally, $AZTEC is showing signs of local exhaustion near its all-time high of $0.0285 - $0.0290. With over 2.88 billion tokens now in circulation and early auction participants looking to book profits, a healthy correction toward deeper support zones seems likely.
📉 Trade Strategy (Short):
Entry Zone: 0.0280 – 0.0285 (Selling into the resistance)
Stop Loss (SL): 0.0310 (Protecting above the psychological $0.030 level)
🎯 Take Profit (TP) Targets:
TP 1: 0.0255 (First minor support)
TP 2: 0.0235 (Structural retest area)
TP 3: 0.0210 (Major liquidity zone)
TP 4: 0.0190 (Full retracement target)
💡 Why this Short works:
Liquidity Unlock: The TGE has unlocked a significant supply from private sale and auction participants. Historically, new listings see a "Flash Pump" followed by a multi-day correction as supply hits the market.
Overbought RSI: On the lower timeframes (1H/4H), $AZTEC is pushing into overbought territory, suggesting the impulsive leg is losing steam.
Volume Climax: We’ve seen a massive spike in volume at the $0.028 level; if buyers fail to push above $0.030, a fast "flush" to $0.023 is highly probable.
Perfection Bano: This is a high-risk trade because is a fresh listing with strong backing (a16z). Use strict risk management and do not "over-leverage" as volatility will be extreme! 🛡️
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