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$AEVO is currently showing rejection at resistance, with price action leaning toward potential distribution rather than continuation of upside 👀
Chasing longs here after rejection carries higher risk, especially if sellers continue to defend this zone.
$AEVO SHORT / DOWNSIDE IDEA
Entry: $0.02720 – $0.02780
Stop Loss: $0.02890
Take Profit Levels
TP1: $0.02600
TP2: $0.02480
TP3: $0.02350
Market Context Price is struggling to reclaim resistance and is repeatedly rejecting at higher levels. If selling pressure increases, downside continuation becomes more likely.
Key invalidation A clean breakout and hold above $0.02890 would invalidate the bearish idea and shift structure back toward bullish continuation.
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