$AAVE is currently trading at $301.91 USDT, marking a 0.55% gain from the previous close. The price has fluctuated between $294.18 and $307.79 during the session, showing moderate volatility.
📈 Trade Setup
If AAVE holds above the $295 support level, traders could consider a long position. This support matches recent intraday lows and could fuel upward momentum. The first upside target sits at $310, with potential to extend towards $320 if bullish sentiment strengthens.
🚨 Stop-Loss Strategy
To manage risk, a stop loss around $290 is advisable. This level aligns with a prior support zone, and dropping below it could indicate further downside pressure. Setting this stop loss helps protect capital while allowing for potential gains.
⚠️ Risk Note
Given crypto’s high volatility, AAVE’s price action may be influenced by broader market trends and sentiment. Traders should closely monitor market conditions and adjust strategies accordingly.
