$AAVE /USDT Short Trade Signal
AAVE is currently trading at $346.22, hovering near a recent resistance zone around $350–$355. The price action shows signs of short-term overextension after a 7–10% rally in the past 24 hours, suggesting a potential reversal or pullback.
Short Trade Idea:
Consider entering a short position near $346–$348, targeting a retracement to key support levels around $320–$325. This provides a potential downside of approximately 6–7%, offering a reasonable risk/reward for a short-term trade.
Stop-Loss:
To limit risk, set a stop-loss slightly above the recent high at $355, about 2–3% above the entry point. This protects against unexpected bullish continuation while giving the trade enough room to develop.
