The $AAVE chart shows a falling wedge pattern, a classic bullish reversal setup. The price has been consolidating within the wedge, with decreasing volatility. A breakout appears to be happening around the $177-$180 level, confirming bullish momentum. The support zone lies around $177-$161, while the target area extends toward $190$ based on the measured move of the wedge. If the breakout sustains, AAVE could experience a strong rally, making this a promising long setup.
Scalping Long Setup
Entry: $178 - $180 (Retest of breakout)
Stop Loss: $175 (Below the previous consolidation zone)
Take Profit Targets:
TP1: $185
TP2: $195
TP3: $210+
Risk-to-Reward Ratio: 1:3 or better
