Spot
Currency: AAVE/USDT
Timeframe: 4 hours
Trend: Corrective rise after breaking a descending trend and testing resistance
The current price is at 327.47, after a clear rebound from support at 318.75 and breaking the descending trend. The movement indicates an attempt to regain momentum, but it is still within a corrective range unless the next resistance is strongly breached.
🎯 Buy Points
- Initial Entry: between 325.2 and 327.5 (testing a broken support and turning into new support)
- Reinforcement Entry: near 318.8 if the price returns to test the previous support
🚀 Targets
- First Target: 339.2 (medium resistance and testing the strength of buyers)
- Second Target: 366.9 to 367.2 (strong and previous resistance area)
🛑 Stop
- Below 315.5 with a clear close, because breaking this level returns the price to the previous descending trend$AAVE