$AIA Market Insight — Bulls Take a Breather!
AIA faced a long liquidation of $1.05K at $1.2044, revealing that some traders were caught in the recent dip after a failed attempt to push prices higher. This flush-out phase could either mark the start of a deeper correction or serve as a setup for a bounce from oversold levels.
Market Snapshot:
After steady upward momentum, AIA hit resistance around $1.22, triggering profit-taking and forcing leveraged long positions to unwind. The market now sits at a pivotal level where traders are reassessing direction.
Key Price Levels:
• Support: $1.18 – $1.20
• Resistance: $1.23 – $1.26
Trading View:
If AIA maintains strength above $1.20, it could stage a rebound toward $1.25, where the next selling zone awaits. However, slipping below $1.18 may expose the token to a correction toward $1.15 before any recovery attempt.
Trade Setup:
• Buy Entry: $1.198 – $1.205
• Targets: $1.235 / $1.260
• Stop-Loss: Below $1.175
Next Move:
Traders should watch for a bullish reversal signal near $1.20 — confirmation of buying pressure here could flip sentiment back in favor of the bulls.
Market Sentiment:
AIA’s long liquidation hints at temporary exhaustion rather than a full reversal. If buying momentum rebuilds, the token could quickly reclaim its upward trajectory and challenge higher resistance levels once again.
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