Hello Binance family! 📢 If you have AAVE on your radar, this is the perfect opportunity to focus. AAVE/USDT is wrapping up a strong 're-test zone' setup - and once that is secured, we could accelerate towards new highs. Let's break it down Binance style:
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📊 What's happening with AAVE?
Resistance at ~ $245-246 🧱
AAVE recently reached a local peak near $245-246, but faced slight rejection and then turned to the re-test phase.
Healthy re-test at support $230-234
The price has pulled back to the $230-234 area - seen as a strong support range - indicating classic consolidation before a breakout.
Key price areas to watch
Support: $230-232 — the bulls are advancing here.
Resistance: $245-246 - a breakout above this could ignite a significant movement.
Momentum check
Short-term charts show some hesitation, with wicks forming at the top and volume cooling slightly - but strong interest remains near support.
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🎯 How to trade it - Binance style
1. Watch for a clear breakout
A clean breakout above $246 with healthy volume could indicate the beginning of the next attack. This is where the fireworks begin! 🎇
2. Pounce on the dip
If the price holds at $230-232 again, it could be a safe entry point. You may catch the main wave before the rebound.
3. Be as quick as lightning in this opportunity
Re-tests don't last forever - once support proves itself, breakouts can unfold quickly. Don't miss your window!
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💎 Professional tips
Use limit buy orders near support for better price control.
Watch for volume spikes - they are often the fuel for breakouts.
Clearly define stop-loss points below $230. Risk management is everything.
On Binance, check out trading tools like limit orders, OCO, and stop market orders to manage your positions smoothly.
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✨ The final vision
AAVE is sitting on a study setup: a strong support re-test, clear resistance above, and potential for a breakout attack. This may be your last chance to head in before takeoff - if momentum builds and breaks $246, the next phase could come quickly.
Keep your eyes on AAVE/USDT on Binance, and trade smartly 🚀