AAVE +8.9% with SKY moving alongside it: DeFi is moving as a group
Open interest is up 17% over the same 24 hours, so new positions are opening rather than shorts just closing. AAVE trades at $175.38, just under its 30-day high of $178.06, and no headline in the data explains the move.
Two DeFi names rising together points to sector flow, not one coin's story. If AAVE clears the 30-day high while open interest keeps building, the group move has real participation behind it. If it stalls there and slips, the next levels in the data are the 200-week average at $139.78 and the 50-week EMA at $134.01.
What to watch:
• US jobs report at 12:30 UTC today
What would make this wrong: If SKY gives back its gain while AAVE holds, this was one coin's move, not a sector one.
Which gives way first if DeFi fades, AAVE or SKY?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on AAVE.
Follow for the levels that matter, every day.
$AAVE
#TradingPsychology #Crypto #CreviaCockpit
Open interest is up 17% over the same 24 hours, so new positions are opening rather than shorts just closing. AAVE trades at $175.38, just under its 30-day high of $178.06, and no headline in the data explains the move.
Two DeFi names rising together points to sector flow, not one coin's story. If AAVE clears the 30-day high while open interest keeps building, the group move has real participation behind it. If it stalls there and slips, the next levels in the data are the 200-week average at $139.78 and the 50-week EMA at $134.01.
What to watch:
• US jobs report at 12:30 UTC today
What would make this wrong: If SKY gives back its gain while AAVE holds, this was one coin's move, not a sector one.
Which gives way first if DeFi fades, AAVE or SKY?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on AAVE.
Follow for the levels that matter, every day.
$AAVE
#TradingPsychology #Crypto #CreviaCockpit
