💥$AAVE /USDT Testing Resistance After a +2.27% Rally!🔥
🌟Current Price: 166.56 USDT (+2.27%)
🌟24-Hour High: 173.04 USDT (Key resistance level)
🌟24-Hour Low: 162.87 USDT (Strong support zone)
Volume (24H):
🌟AAVE: 198,600.37
🌟USDT: 33.36M
⚡AAVE continues to exhibit bullish momentum, approaching a critical resistance zone around 173.04 USDT—a decisive area for potential breakout or rejection.
⚡Technical Insights 🧩
Bollinger Bands: Expanded, indicating rising volatility with price hovering near the upper band.
RSI: Approaching overbought territory; caution warranted for aggressive long entries.
MACD: Positive crossover confirms bullish trend; monitor for any divergence signals.
Key Zones: Yellow-marked consolidation zones act as important breakout/pullback reference points.
⚡Trading Setup 📝
🎖️Bullish Scenario (Breakout Continuation)
👉Entry: Above 167.00 USDT (confirmed by strong volume)
👇Take-Profit Targets:
🎯TP1: 170.00 USDT
🎯TP2: 173.00 USDT
💢Stop Loss: Below 165.50 USDT
🎖️Bearish Scenario (Pullback Rejection)
👉Entry: Below 165.50 USDT (confirmed sell pressure)
👇Take-Profit Targets:
🎯TP1: 163.50 USDT
🎯TP2: 161.50 USDT
💢Stop Loss: Above 166.50 USDT
⚡Risk Management Strategy ⚠️
After achieving TP1, move Stop Loss to Entry to protect capital and secure at least 50% profits.
Adapt to volatility—tighten stops if AAVE approaches major resistance rapidly.
⚡Key Takeaways ✍️
Confirm breakout or rejection moves with volume spikes to avoid false entries.
A sustained breach above 173.04 USDT could open room for a stronger bullish continuation; failure to break may lead to retracement.
Maintain strict discipline in trade management to maximize risk-reward.
Disclaimer: #DYOR*
Buy Or Trade With Me On $AAVE
