$AAVE Trend Analysis and Support Resistance Opening Positions

1. Long (Trend Following)

Pullback to the 293-296 range (moving average support), if it stabilizes, consider opening a small long position, with a target of 310-317 and a stop loss set below 288.

If it strongly breaks through 304-305 with increased volume, you can follow up with a long position, targeting above 317.

2. Short (Counter-trend)

If the price rises to around 317 and encounters clear resistance leading to a drop, you can attempt a light short position, targeting 300-295, with a stop loss set above 322.

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Currently, #AAVE shows a strong short-term rebound on the 4-hour chart, but is already close to a key resistance area, so caution is advised when chasing higher prices in the short term. A more prudent approach is to wait for a pullback to support before entering a long position, or to wait for a breakout with volume before following up.

Tonight's technical analysis is the least important; Powell's speech at 10 o'clock will basically clarify the trend.

If he expresses or hints at the possibility of interest rate cuts, this wave of the market will be very strong, with BTC at 150,000 and ETH at 5,000 just a matter of two weeks.

If he continues to adopt a hawkish stance, a pullback next week is inevitable; as for how much, it depends on the sentiment.