$AAVE STUCK IN A RANGE – BREAKOUT BREWING OR FADING RECOVERY?
$AAVE/USDT is currently trading at $235.02, bouncing slightly from intraday lows but still facing a wall of resistance. The price is holding just above short-term support, and traders are watching closely for a potential breakout attempt or rejection.
Key Levels to Watch:
Resistance:
• $237.50 – Local resistance from recent highs
• $240.00 – Key breakout zone; clearing this could target:
TP1: $242.80
TP2: $245.50
Support:
• $234.00 – Immediate support range
• $232.50 – Breakdown zone; if lost, downside may extend to:
TP1: $229.00
TP2: $224.00
Trade Setup – Bounce Building or Bull Trap Ahead?
Bullish Entry:
• A break and close above $237.50 may invite momentum toward:
• TP1: $242.80
• TP2: $245.50
• Stop-Loss: Below $234.00 to control risk
Bearish Entry:
• Breakdown below $232.50 could confirm further weakness
• Targets:
• TP1: $229.00
• TP2: $224.00
• Stop-Loss: Above $237.50 to avoid whipsaws
Keep your eyes on volume confirmation before taking sides.