$AAVE /USDT BEARISH PULLBACK – WATCHING $258 SUPPORT FOR A POSSIBLE BOUNCE OR BREAKDOWN ⚠️📉

📊 Current Price: $266.72 (–5.26%)

📈 24H High: $282.97

📉 24H Low: $258.56

🔄 24H Volume: 155,900.22 AAVE / $41.79M USDT

🔍 TECHNICAL OVERVIEW:

is undergoing a sharp correction, down over 5% in the last 24 hours after failing to hold above the $280 zone. It is now hovering just above key support at $258, a level that previously acted as a springboard for rallies.

If bulls lose this level, a flush toward $240 or even $220 could follow. Conversely, a strong bounce from this area could spark a recovery back to $280+.

Current structure: Lower highs, fading volume, and bearish candles suggest caution is warranted.

🔑 KEY LEVELS TO WATCH:

🔼 Resistance 1: $280.00 (former support now resistance)

🔼 Resistance 2: $282.97 (24H high)

🔽 Support 1: $258.56 (24H low / critical support)

🔽 Support 2: $240.00

🔽 Support 3: $220.00 (major horizontal level)

🧭 TRADE SETUPS:

🔻 SHORT SETUP (Breakdown Play):

📥 Entry: $263 – $266 (on weak bounce to lower high)

🎯 Targets:

TP1: $258

TP2: $240

🛑 Stop Loss: $283

🔄 LONG SETUP (Bounce From Support):

📥 Entry: $258 – $260 (on bullish confirmation)

🎯 Targets:

TP1: $274

TP2: $282

🛑 Stop Loss: $248

💡 RISK MANAGEMENT STRATEGY:

Risk only 2% max per trade

Confirm trade setups using volume & candlestick structure

Use trailing stop-loss once TP1 is hit

Avoid entries near uncertain consolidation without confirmation

📉 $AAVE is at a crucial decision point – if $258 fails, sellers may accelerate toward $240. Bulls must reclaim $280+ to resume upward strength.

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