CryptoPatel

Alert: AEVO Down -80% from Its All-Time High, What Next ?

Short
BINANCE:AEVOUSDT   AEVO / TetherUS
AEVO Down -80% from Its All-Time High

AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80.

Current Status:
Current Price: $0.76
Down -80% from ATH

Technical Analysis Highlights:
- The chart indicated a clear exit point at the breakdown of the $2.93 support level.
- An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level.
- It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline.

Investment Impact:
An investment of $100,000 at ATH is now worth only $20,000.

Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals.

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