Price has faced a sharp rejection from the $324–$330 resistance zone, forming a clear bearish engulfing candle. The chart indicates a potential breakdown structure — suggesting a further downside move after a minor retest near the previous support-turned-resistance.
Trade Setup:
$ Short Trade Signal🔴 Entry point: $318 – $320 Stop Loss: $332.69 Take Profit: $290 Margin: 2-3% of wallet Leverage: 10x
Short Outlook of Market: AAVE is showing signs of weakness below the $324 resistance with clear lower highs forming. If it fails to reclaim above $324, expect further downside towards the $290–$285 zone.
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