š„ $AAVE /USDT ā Bearish Pressure Persists Below Key Resistance š»
AAVE has dropped to $276.04, facing heavy selling pressure after failing to hold above the $290 zone. The price is struggling near the MA(7), and still below MA(25), suggesting the bears remain in control despite minor intraday bounces.
š Technical Analysis
⢠MA Trend: Price is hovering near MA(7) = $275.35, but still well below MA(25) = $289.15 ā clear bearish structure.
⢠Support Zone: $267 ā $270 is acting as a key short-term support; a breakdown here could lead to $263 or lower.
⢠Resistance Zone: $280 ā $290 is a strong rejection area, reinforced by the MA(25).
⢠Momentum: Failing to break above moving averages with strength suggests limited upside unless trend shifts.
šÆ Trading Plan
š“ Bearish Continuation Setup
⢠Entry: $276 ā $280
⢠TP1: $268
⢠TP2: $263
⢠SL: $285
š¢ Speculative Bounce Trade
⢠Entry: $267 ā $270
⢠TP1: $280
⢠TP2: $288
⢠SL: $263
š Note: Unless AAVE can reclaim $290+ with strong volume, the trend remains downward. Stick to short setups or wait for confirmed bullish signals.
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