$AAVE /USDT BEARISH PULLBACK UNDER PRESSURE – WATCH FOR SUPPORT REACTION!
$AAVE is trading at $246.76 with a -2.26% decline, facing rejection below $254. After an extended rally in recent weeks, the price is now pulling back toward the $240 zone, which acted as support previously. Short-term sentiment is cautious unless bulls defend this area.
Trade Setup (SHORT):
Entry Price: $248.00 – $252.00
Target 1: $240.00
Target 2: $236.00
Stop Loss: $254.50
Why Short?
Lower highs are forming on the 1H chart, with weakening volume. The failure to reclaim $254 combined with red candles near resistance suggests sellers are in control. A breakdown below $244 could accelerate the correction.
Risk Management Tip:
Respect your SL strictly if $255 reclaims — it signals a reversal. Always reduce exposure in sideways chop and avoid revenge trading.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!