šØ $AAVE /USDT Rising Channel Breakdown Watch! šā”
$AAVE is struggling after a strong rejection from the upper trendline of its rising channel, now hovering around the mid-level support at $267ā270.
š» Short-Term Bearish Outlook
If $AAVE breaks below this crucial zone, expect:
⢠Target 1: $261.56 (channel support)
⢠Target 2: $247.36 (major horizontal demand)
š Market Insight: Lower highs + rejection off upper trendline + fading volume = sellers could step in hard if $270 fails to hold.
š” Quick Tip: Wait for a decisive candle close below $267 before scaling in shorts. Manage size carefully breakdowns in rising channels can accelerate fast!