$AAVE Breakdown – Sharp Pullback After Range Resistance Rejection
Current Price: $268.37 ▼ -3.28%
After failing to break out of its consolidation zone around $280, $AAVE has entered a clear downward channel, marked by increasing bearish momentum. While the price is currently stabilizing slightly, the trend remains negative unless buyers reclaim control above the $272 level.
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🔻 Short Trade Setup
Entry Zone: $268 – $270
Stop-Loss: Above $273
Target 1: $265
Target 2: $260
Target 3: $255
⚠️ Outlook:
As long as price remains below the $272 threshold, the bias favors continuation to the downside. Watch for volume confirmation near support levels for any potential reversal signs.