$AAVE /USDT Here's a breakdown and trade setup

The chart is in a strong uptrend with higher highs (H) and higher lows (L).

A clear ascending channel is formed (visible via red diagonal lines).

Green moving average (likely EMA or MA) is acting as dynamic support.

Support/Resistance Zones:

Immediate resistance: Around $270–$275, just below the last high.

Strong support: Around $240, then $220 if that breaks.

Peak Profit:

Noted “6832.44% (100x)” suggests a very successful leveraged trade previously — this can indicate profit-taking zones near the top.

Current Price Action:

Price is slightly consolidating just under resistance.

Forming a possible bull flag or ascending triangle, suggesting a continuation pattern.

Trade Setup:

1. Bullish Scenario (Breakout):

Entry: Above $275 (candle close), confirming breakout of recent high.

Target 1: $285

Target 2: $300

Stop-loss: Below $249 support or trailing below the moving average.

2. Bearish Scenario (Breakdown):

Entry: Below $240 (4H candle close)

Target 1: $220

Target 2: $200

Stop-loss: Above $255 resistance or previous swing high.

Risk Management Tip:

Keep R:R at minimum 2:1 and adjust position size based on volatility and leverage used.

Trade $AAVE