$AAVE Crucial Test – Will $264.50 Hold or Break?
AAVE is currently trading at $264.50, showing an attempt to hold its ground after a recent decline, but facing immediate resistance. The next move will determine whether buyers can extend the rally or sellers take over.
Key Levels:
Resistance: $265.50 (immediate), then $266.50.
Support: $263.50 (immediate).
Trade Setup:
Bullish Entry: A confirmed break and sustained trade above $265.50. Targets: $266.50, $267.50.
Bearish Entry: A confirmed break and sustained trade below $263.50. Targets: $262.50, $261.50.
Stop-Loss: Utilize tight stop-loss orders to manage risk effectively.
AAVE/USDT is at a pivotal point. Its ability to reclaim resistance at $265.50 or break below support at $263.50 will dictate the immediate short-term direction. Expect volatility.
