🧠 Smart Money Eyes $AAVE $Bounce — OB Reaction & 46% Potential Ahead
🔹 1. Fair Value Gap (FVG)
* 🔸There's a clear FVG (gray zone) left behind during the May–June rally.
* 🔸Price revisited this FVG and showed signs of reaction — indicating institutional interest around that imbalance.
* 🔸FVGs often act as magnets for price and potential reversal zones.
🔹 2. Order Blocks (OB)
* 🔸The support zone near $227.31–240.00 (highlighted in blue) looks like a Bullish Order Block (OB) formed from a prior consolidation before the breakout in May.
* 🔸Price wicked into this zone recently and bounced, validating it as a high-probability demand zone.
🔹 3. Break of Structure (BOS)
* ♦️There was a BOS to the upside in early July (marked by the black trendline). This confirms a bullish shift in internal structure.
* ♦️After that, price rallied, made a higher high, then corrected.
🔹 4. CHoCH (Change of Character)
* 🔺Around mid-July, there was a CHoCH to the downside when the market broke the bullish market structure and failed to make a new high.
* 🔺This led to the current retracement into demand (OB), which held well.
🔴 Rejection Zone
* 🔸The red zone between ~315–360 USDT has been rejected multiple times.
* 🔸It represents a significant supply zone / resistance area and possibly a bearish OB on higher timeframes.
* 🔸Price failed to break and hold above this region, making it a critical area to watch for profit-taking or reversals.
🔵 Support Zone
* 🔺Strong support lies between $227.31–240.00 — the bullish OB and demand zone.
* 🔺Price tested this zone and bounced, showing buyer strength and interest.
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