$AAVE /USDT Trade setup breakdown:

Chart Pattern Analysis: #AaveProtocol

Price action formed higher lows (L) while facing a horizontal resistance near 240–245 USDT.

Recently broke above this resistance with strong bullish momentum.

Trend Channel:

Price was moving within an upward channel.

The breakout candle exceeded the top trendline — potential breakout rally.

Entry Point:

Current Price: Around 264.30 USDT

Since price has already broken out, consider:

Aggressive Entry: Market buy near current price

Conservative Entry: Wait for a retest of the breakout zone (~240–245 USDT)

Stop Loss:

Below the breakout zone:

~232 USDT (as marked on your chart)

Or below the recent higher low around 220–225 USDT

Take Profit (TP) Zones:

TP1: 280 USDT (psychological resistance & extension from current range)

TP2: 300 USDT

TP3 (Fibonacci extension): ~325–340 USDT

Risk-Reward (Assuming entry at 264.30):

SL at 232, TP1 at 280: ~0.75 R

SL at 232, TP2 at 300: ~1.4 R

SL at 232, TP3 at 325+: ~2.0+ R

Strategy Notes:

Volume confirmation needed — ensure volume supports the breakout.

If the price rejects back into the channel, reassess and consider the possibility of a false breakout.

Trade here on $AAVE