#AAVE

Time: 202506201436

Trade Setup:

Price breaks above the 200-day moving average (200 simple moving average), confirming a bullish trend reversal. A pullback to the support zone of $230 - $250 (also known as the 200 simple moving average) is an attractive entry area, with upside potential reaching $350. The stop-loss amount is $220. (Set price alert) Momentum i turns bullish again (MACD histogram rising).

Pattern:

Pullback in an uptrend. The price is still in an uptrend but has pulled back, which may present a 'buy the dip opportunity.' Traders should look for the most recent support level where the price can stabilize and resume the uptrend. This support level may be a level where prices rebounded in the past or a level that was previously a resistance level. (Referred to as the concept of polarity) Trend: The short-term trend is neutral, the medium-term trend is strongly upward, and the long-term trend is strongly upward.

Momentum:

Based on RSI - 14 level (RSI > 30 and RSI < 70), the current price is neither oversold nor overbought.

Support and Resistance:

The recent support zone is $230.00, followed by $200.00. The recent resistance zone is $275.00, followed by $350.00.