"Suspended rapid rise must pull back, blood-soaked needle to pick up chips - $260 is the meat grinder for bulls and bears, and also the money-making zone for the old dogs"
The current price of AAVE on the four-hour chart is $260, resting on two suspended moving averages, with a death gap of 87% between the price and the moving averages. The method of pulling up by the dog fund this wave is exactly the same as the tactic used before LUNA went to zero last year.
There is a sell wall equivalent to 57.25 BTC at $270.5, with a commission ratio of -42.43%, solid evidence of large funds laying traps. It’s like a barbecue stall owner shouting “fresh lamb skewers,” but secretly using zombie meat — a false breakout is about to happen.
Early morning Binance maintenance + four-hour closing, two timed bombs hanging over our heads. Focus on the psychological defense line at $250, this position is related to the rising trend line extending from the lowest price of $142.85 on April 20. Once it breaks through, it will trigger a chain liquidation, but the $230-$240 range has a chip black hole left by last year's Three Arrows Capital liquidation; daring to needle is an opportunity to make money.
Spot:
① Lock profits above $260, reduce positions by 30% at $268-$270 to switch to USDT.
② Place bids at $245/$240/$235 for gradual bottom fishing.
Contract:
① Chase long positions after breaking $272, short positions on the needle at $245.
② Ambush short orders near the sell wall at $270.5, place long orders below $250 to take the price difference.
Binance maintenance at 1 AM
Four-hour closing at 8 PM
Funds in the DeFi sector are being scared away by the delay in ETH upgrades; the 23% surge of PEPE this morning indicates that hot money has gone to the meme zone. AAVE's wave of independent wolf market will at most touch $270, and the old dogs have already started to pull and withdraw. Remember, the end of a bull market is always a guillotine prepared for greedy people.
Are you trapped? When to bottom fish? Still the same phrase, confused and helpless, don’t know what to do, click on the avatar to comment. I need fans, you need references.
Intraday: AAVE ETH BTC
