๐จ $AAVE /USDT โ Breakdown Zone or Bounce Incoming? โ ๏ธ๐
$AAVE just slipped to $254.12 (-2.59%), flirting with key support levels. Is this a healthy pullback or a deeper dive brewing? Letโs decode the setup ๐
๐ Market Overview
๐ Current Price: $254.12
๐ 24h High: $268.00
โ๏ธ 24h Low: $253.12
๐ Parabolic SAR: Pressuring from aboveโshort-term downtrend intact
๐ MACD Momentum:
โโข Bearish pressure increasing
โโข Histogram widening to the downside
๐ Key Indicators
MA(7): 254.60
MA(25): 257.05
MA(99): 258.81
RSI(6): 38.89 (Bearish โ entering oversold territory)
๐ AAVE Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If AAVE Holds Above $253.00):
Entry: Above $255.00
Targets: $261.00, $268.00, $273.00
Stop-Loss: $248.00
๐น Bearish Scenario (If AAVE Breaks Below $248.00):
Entry: Below $247.50
Targets: $235.00, $222.00, $213.00
Stop-Loss: $256.00
๐ Should You Hold or Sell?
โ ๏ธ Holding below MA cluster (254โ258) = caution warranted
โ RSI under 40 = oversold signals incoming, but wait for reversal confirmation
๐ Breakdown of $248 = room to fall toward $230s
๐ก Pro Tip:
๐ Watch for volume spike near $255โif bulls reclaim it, a short-term bounce could ignite!
โ ๏ธ No clear bullish divergence yet = avoid premature longs
๐ข Are you looking to scoop the dip or short the trend? Letโs hear your thoughts below! ๐ง
๐ฅ LIKE & SHARE for more smart trading insights! ๐ฅ