$AEON USDT the pullback is where I’m interested, not the green candles

I’m looking at $AEON on the 30m chart and the part I keep coming back to is the move from 0.07982 to 0.09480.

That was a pretty aggressive push, and volume expanded with it. After that high, price started cooling down instead of immediately making another breakout. For me, that changes how I want to trade it.

I don’t want to buy just because the chart still looks green.

I want to see whether the market can build a higher low first.

Right now AEON is around 0.08991, with MA5 at 0.09007, MA10 at 0.09048, and MA30 much lower around 0.08643.

The short-term averages are close to price, while MA30 is still underneath. So the structure hasn’t completely broken down, but momentum definitely isn’t as strong as it was during the first move.

That’s why my plan is to wait.

The setup I’m watching

Long entry: 0.08880 – 0.09020

I’d prefer price to come into this zone, spend some time there, and show buyers stepping back in.

If it simply drops through the zone with strong selling, I’m not interested in catching the knife.

My first area of support is around 0.0890, but the more important level underneath is 0.08640–0.08650, which lines up closely with the MA30.

That MA30 area is important for me because losing it would make the recent recovery look much weaker.

My levels

Entry: 0.08880–0.09020
Stop: around 0.08600

TP1: 0.09150
TP2: 0.09400
TP3: 0.09600–0.09700

The first target is basically the nearby resistance area. The big level is 0.09480, because that’s the recent high.

If AEON reaches that level again, I expect sellers to show up there. I’d rather take some profit into that resistance than assume it will break just because the previous move was strong.

If 0.09480 finally breaks with proper volume and price holds above it, then I’d consider leaving a small part of the position for the higher target.

Risk management

If I get filled around 0.08950, the stop at 0.08600 is roughly a 3.9% price risk.

That’s too much for me to treat as a big position, especially on a fast-moving coin.

So I’d size the position from the stop, not from how much I want to make.

For example, if my maximum account risk on this trade is 1%, I’d calculate the position so that hitting 0.08600 costs roughly that 1% — not just throw a fixed amount into the trade.

That part matters because this setup can absolutely fail.

What would invalidate it?

For me, the clean invalidation is below 0.08600, especially if we get a 30m close under the MA30 area with increasing sell volume.

If that happens, I don’t want to keep telling myself that the original move from 0.07982 is still bullish.

I’d also cancel the idea if price starts making lower lows before reaching my entry zone. There’s no reason to force an entry just because I planned one.

And if AEON jumps straight back toward 0.09480, I’m okay missing it.

The trade I’m looking for is not “AEON must go up.”

It’s more specific:

Can the 0.089 area turn into a higher low after the 0.07982 → 0.09480 move?

If yes, I have a defined trade with a clear exit.

If no, I’ll leave it alone.

That’s what makes the setup interesting to me. I’m not trying to predict the next candle. I’m waiting for price to show me whether buyers can actually defend the pullback.

Plan: 0.08880–0.09020 entry → 0.08600 stop → 0.09150 / 0.09400 / 0.096–0.097 targets.

If the structure breaks, the plan is simply wrong. No averaging down just to prove the analysis right.

Not financial advice. This is how I’m reading the chart and managing the trade idea.

#GateEventPointsSystemLaunched #GateRecordsOver273MIn7-DayNetInflows $AEON