$AAVE Just Burned the Shorts!
$5.8K Shorts Liquidated at $224.89 – Bulls Are Back?
The DeFi beast $AAVE just took out $5,797.1 worth of shorts at $224.89, flipping the pressure back on the bears! With this kind of liquidation move, volatility is heating up – and so is the opportunity.
Technical Analysis (1H/4H Chart Focus):
Buy Zone:
$217 – $221
(Dip into this zone is possible for retest; ideal area for fresh long entries)
Short-Term Target:
$232 – First resistance
$239 – Extended upside if momentum continues
Swing Target (Bull Case):
$248 – $255
(Watch for volume confirmation above $239)
Stop Loss:
$215.5 (Below key structure support – invalidates the bullish bias)
Why It Matters:
That $224.89 liquidation level was a key liquidity grab. Bulls may now try to push higher after wiping out over-leveraged shorts. If AAVE holds above $221, expect a strong attempt toward $232+.
Sentiment:
Shorts are trapped
Bullish momentum building
Possible breakout if BTC/ETH support the move
Watch For:
Daily close above $232 = bullish continuation
Sudden volume spikes = whale moves incoming
Play It Smart:
The risk-to-reward is now in favor of the bulls – but always guard with a proper stop-loss!