$AAVE /USDT-Bearish LONG&SHORT TRADE SIGNAL
Resistance: $335.00
Support: $280.00
AAVE recently reversed from a strong resistance level at $335.00, which halted upward impulses since February. The downward reversal from this resistance created a daily candlestick pattern indicating bearish momentum, suggesting a potential decline toward the next support level at $280.00.
🔢 Fibonacci Levels
Retracement Status: Ongoing
Key Price Zones:
0.382 Fib: Approximately $303.00
0.5 Fib: Approximately $290.00
0.618 Fib: Approximately $277.00
AAVE is currently retracing from its recent high, with key Fibonacci levels acting as potential support zones. The 0.618 Fib level aligns closely with the $280.00 support, reinforcing its significance.
📊 RSI (Relative Strength Index)
Value: Approximately 45
Interpretation: Neutral
The RSI indicates a neutral market condition, with no clear overbought or oversold signals. This suggests that AAVE could continue its consolidation phase or prepare for a breakout, depending on upcoming market developments.
🎯 Entry Zones
Safer Entry: Around $290.00
Aggressive Entry: Near $280.00
A safer entry point would be around $290.00, where the price might find support. An aggressive entry near $280.00 could capitalize on a potential bounce from the 0.618 Fib level.
💰 Take-Profit Zones
TP1: $303.00
TP2: $315.00
The first take-profit target is at the 0.382 Fib level, approximately $303.00. The second target is near the $315.00 mark, aligning with recent resistance levels.
🚫 Stop-Loss Ideas
Conservative SL: Above $335.00
Tight SL: Just above $315.00
A conservative stop-loss would be placed above the $335.00 resistance level to protect against significant losses. A tighter stop-loss just above $315.00 could limit risk while allowing for potential gains.