After the SEC publicly supports DEFI, AAVE has continuously entered strong long positions. Recently, with the market's pullback, it has begun to enter a high-level consolidation.
4 small levels continue to pull back, and there has not yet been a reversal structure. In the market's stop-loss rebound, strong altcoin sectors will also have a certain degree of rebound.
During the pullback, focus on the previous resistance level near 240. Observe whether strong price action occurs.
Current position is close to the upper edge of the range. The long position risk-reward ratio is average. It is not recommended to short strong coins.
Several positions to pay attention to
Support position
First position 240
Second position 212
Third position 194
Resistance position
First position 276
Second position 296
Third position
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