AERO has retraced sharply from the range highs and is now testing the support zone around $1.25–1.23. This area has held multiple times in recent sessions, making it a critical level for short-term structure.
If the support gives way, price has a clear inefficiency (FVG) sitting below near $1.00, which could attract liquidity before buyers re-enter. A bounce here, however, may allow price to revisit $1.30–1.35 resistance and potentially challenge the previous highs.
The Stoch RSI is oversold, suggesting a possible relief bounce. However, continuation into the Fair Value Gap remains a risk if support fails. Watching how the next candles close relative to $1.25 will be key in determining direction.
If the support gives way, price has a clear inefficiency (FVG) sitting below near $1.00, which could attract liquidity before buyers re-enter. A bounce here, however, may allow price to revisit $1.30–1.35 resistance and potentially challenge the previous highs.
The Stoch RSI is oversold, suggesting a possible relief bounce. However, continuation into the Fair Value Gap remains a risk if support fails. Watching how the next candles close relative to $1.25 will be key in determining direction.
Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.