🔻 $AAVE
USDT BEARISH PRESSURE CONTINUES – CAN AAVE HOLD ABOVE SUPPORT? 🔻
$AAVEUSDT remains under bearish momentum on the 15m chart, showing continuous lower highs and failing to reclaim previous support zones, suggesting sellers remain in control for now.
🔑 Key Levels:
Current Price: 260.62
Support: 257.50
Resistance: 264.00
🎯 Trade Setup (Short):
Entry: 260.50 – 261.50 (after minor rejection confirmation)
Take Profits:
✅ TP1: 258.50
✅ TP2: 257.50
✅ TP3: 255.00 (extended target if momentum strengthens)
Stop Loss: 263.20
📊 Market Outlook:
AAVE is showing a weak bounce after testing its intraday support, but unless it breaks above the 264.00 resistance, the downtrend structure remains intact. Watch for volume decline on bullish candles indicating fakeouts.
⚠️ Risk Management:
Always risk only 1-2% per trade. Place SL strictly to avoid emotional exits and follow your risk-to-reward ratio with discipline.
💬 Is AAVE ready for a bounce or another leg down? Comment 🧐 if you’re trading this setup today!
buy and trade here on $AAVE