Asset $AAVE struggles at the peak - reflection in movement
After testing the resistance area near $264.51, Asset $AAVE failed to maintain its rise, drawing a strong rejection candle. The price is now retreating from the peak, indicating potential weakness in the short term. With buyers losing their momentum, a correction may follow.
Short trading setup - AAVE/USDT:
Entry area: $257 - $259
Take profit 1: $251.80
Take profit 2: $248.50
Take profit 3: $243.90
Stop loss: $264.70
Price behavior indicates a bearish engulfing pattern on the hourly chart, making this a potential opportunity for short selling during the day with careful risk adjustment. $AAVE