$AAVE Market Update

Liquidation Alert:
$71.3K in long positions were liquidated at $240.55, indicating increased selling pressure and a possible shift in market sentiment.

Market Overview:
$AAVE has experienced a pullback after the liquidation of long positions. The price is now testing crucial support levels, and the next few moves will depend on whether these levels hold or if further declines are expected.

Key Levels to Watch:

Resistance: $325.00 – $330.00 (Key resistance zone; a break above this range could signal a recovery)Support: $315.00 – $310.00 (Critical support area; a break below could open the door for further downside)

Trade Strategy:

Buy Zone: $315.00 – $320.55 (If price shows signs of stabilization and holds above support)Sell Zone: $325.00 – $330.00 (If price faces resistance and struggles to move higher)Target: $335.00+ (If bullish momentum returns and price breaks resistance)

Market Sentiment:

$AAVE is under pressure after the liquidation event. If it holds support around $315.00, there could be potential for a rebound. A failure to maintain support might lead to further declines.

Monitor closely and manage risk effectively.

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