$AERO TECHNICAL ANALYSIS: BULLISH TREND CONFIRMED | $5 LONG-TERM TARGET
#AERO has already turned bullish after a HTF close above $0.6328, confirming a bullish CHoCH. The long-term descending TL has also been broken, providing a second bullish confirmation.
Target 1 at $0.7952 has already been achieved. Now, Iโm watching for the next potential leg higher.
My Trading Plan:
โค Preferred Entry Zone: $0.58โ$0.46
โค Target 1: $0.7952 โ
โค Target 2: $1.63
โค Target 3: $3
โค Final Target: $5
Why Iโm Bullish:
The HTF structure has shifted bullish, and the former resistance around $0.6328 has become a key structural reference. A deeper pullback into the $0.58โ$0.46 zone could offer an attractive entry opportunity if price forms a higher low and buyers defend the region.
Iโm not chasing the current move. Iโd rather wait for a potential retracement into my preferred entry zone before the next expansion toward $1.63, $3 and eventually $5.
The key is to preserve the bullish market structure. A sustained breakdown below the relevant support levels would weaken this setup.
@AEroDronefrObFl