AAVE struggles to clear localized whale resistance, keeping the price trapped within its range. This setup targets a mean reversion as sellers defend the upper levels.
$AAVE
Bias: Bearish rejection within the current range.
Trade Plan
Entry: 90.65
SL: 92.09
TP: 88.25 / 86.66
Market Evidence:
• Whale resistance walls detected, capping upside potential.
• Price failing to push higher despite negative funding, suggesting buyer exhaustion.
• Range-bound structure with stable Open Interest indicating lack of trend momentum.
Risk:
• A sudden liquidity flush could invalidate the resistance wall, forcing a stop run above 92.09.
Watch:
Monitor for a sustained breakout above 92.10, which would invalidate the short thesis.
$AAVE
Bias: Bearish rejection within the current range.
Trade Plan
Entry: 90.65
SL: 92.09
TP: 88.25 / 86.66
Market Evidence:
• Whale resistance walls detected, capping upside potential.
• Price failing to push higher despite negative funding, suggesting buyer exhaustion.
• Range-bound structure with stable Open Interest indicating lack of trend momentum.
Risk:
• A sudden liquidity flush could invalidate the resistance wall, forcing a stop run above 92.09.
Watch:
Monitor for a sustained breakout above 92.10, which would invalidate the short thesis.