AEVO accumulation leading to breakout?1. Aevo is over 6x down from launch(?) and ATH. Early holders underwater and 100% unlocked within first 6 weeks - see 15 May dump? Very promising.
2. It has spent the past 5 months trending sideways, in a clear channel between 0.3 and 0.45
3. It has recently had a change in structure, with consecutive higher lows. Its first attempt at a breakout got rejected at the 200 day SMA.
4. If it retraces back to the mid channel level of 0.375, there may be a juicy long in the wings.
SL around 0.31 (or double up if on spot!), TP1 at 0.59, TP2 at 1.12, TP3 at 1.85, and you are only half way to the March 2024 price.
