šŸ’„$AAVE /USDT Testing Resistance After a +2.27% Rally!šŸ”„

šŸŒŸCurrent Price: 166.56 USDT (+2.27%)

šŸŒŸ24-Hour High: 173.04 USDT (Key resistance level)

šŸŒŸ24-Hour Low: 162.87 USDT (Strong support zone)

Volume (24H):

šŸŒŸAAVE: 198,600.37

šŸŒŸUSDT: 33.36M

āš”AAVE continues to exhibit bullish momentum, approaching a critical resistance zone around 173.04 USDTā€”a decisive area for potential breakout or rejection.

āš”Technical Insights šŸ§©

Bollinger Bands: Expanded, indicating rising volatility with price hovering near the upper band.

RSI: Approaching overbought territory; caution warranted for aggressive long entries.

MACD: Positive crossover confirms bullish trend; monitor for any divergence signals.

Key Zones: Yellow-marked consolidation zones act as important breakout/pullback reference points.

āš”Trading Setup šŸ“

šŸŽ–ļøBullish Scenario (Breakout Continuation)

šŸ‘‰Entry: Above 167.00 USDT (confirmed by strong volume)

šŸ‘‡Take-Profit Targets:

šŸŽÆTP1: 170.00 USDT

šŸŽÆTP2: 173.00 USDT

šŸ’¢Stop Loss: Below 165.50 USDT

šŸŽ–ļøBearish Scenario (Pullback Rejection)

šŸ‘‰Entry: Below 165.50 USDT (confirmed sell pressure)

šŸ‘‡Take-Profit Targets:

šŸŽÆTP1: 163.50 USDT

šŸŽÆTP2: 161.50 USDT

šŸ’¢Stop Loss: Above 166.50 USDT

āš”Risk Management Strategy āš ļø

After achieving TP1, move Stop Loss to Entry to protect capital and secure at least 50% profits.

Adapt to volatilityā€”tighten stops if AAVE approaches major resistance rapidly.

āš”Key Takeaways āœļø

Confirm breakout or rejection moves with volume spikes to avoid false entries.

A sustained breach above 173.04 USDT could open room for a stronger bullish continuation; failure to break may lead to retracement.

Maintain strict discipline in trade management to maximize risk-reward.

Disclaimer: #DYOR*

Buy Or Trade With Me On $AAVE

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