$AAVE Sell signal for USDT

AAVE is currently trading at $346.22, fluctuating near a recent resistance zone of around $350–$355. The price action shows signs of short-term overbought conditions after a 7–10% increase in the last 24 hours, suggesting the possibility of a reversal or correction.

Sell trade idea:

Consider entering a short position near $346–$348, targeting a correction towards significant support levels around $320–$325. This provides a potential downside of about 6–7%, offering a reasonable risk/reward ratio for a short-term trade.

Stop loss:

To limit risk, set a stop-loss order slightly above the recent high at $355, about 2–3% above the entry point. This protects against unexpected continued increases while still allowing the trade enough room to develop.