* AAVE/USDT 1H timeframe
1. Trend Overview
Main trend: Strong increase (bullish).
Current price: 264.71 USDT, up +19.06% in 24h.
Trading volume: Spike → confirms breakout.
2. Technical Indicators
Moving Averages (MA):
MA(7) = 248.90 (gold): Strong upward slope.
MA(25) = 230.49 (tim): Upward slope.
MA(99) = 229.05 (blue-purple): Below, indicating that the upward momentum is still in control.
Conclusion: Golden Cross has formed → sign of medium-term increase.
RSI (Relative Strength Index):
Not accurately displayed in the image, but with such a strong increase, RSI is estimated above 75.
Conclusion: Overbought region → Short-term adjustments may occur.
MACD:
Not directly displayed but through price charts and increased volume, MACD is expanding and above the signal line.
Conclusion: Strong upward momentum, but need to be cautious of negative divergence.
3. Candle & volume patterns
Continuous green candles, no long tails → strong buying force.
Volume has increased significantly, confirming the upward momentum.
4. Suggested Entry/TP/SL
Long (buying up):
Entry: 258–260 USDT (waiting for a pullback to MA7)
TP1: 267.8 USDT (previous peak)
TP2: 275–280 USDT (if breakout continues)
SL: 245 USDT (below MA7 and the nearest support candle)
Short (selling down – high risk):
Should only short if there is a strong reversal signal (shooting star candle, engulfing, RSI divergence).
Entry: 267–270 USDT (waiting for a strong red candle, high volume)
TP1: 248 USDT (MA7)
TP2: 230 USDT (MA25)
SL: 273 USDT
Spot trading:
Can buy 50% position at the range of 260–264 USDT.
Wait for a pullback to buy again at 248–250 USDT.
Long-term TP: 300–320 USDT if the market remains bullish.
5. Recommendation
The main trend is still up, but the price has risen sharply → should wait for a pullback to enter safely.
Should not enter short at this time unless there is a confirmed reversal signal (candle + volume + RSI/MACD divergence).