$AAVE

๐Ÿ“Š Daily Chart Summary:

Current Price: $266.23

Recent High: $282.84

Support: $254.14 (recent pullback zone)

Trend: Strong uptrend since late March (from ~$114 to ~$282)

Order Book Sentiment:

Bid Side (Buyers): 54.91%

Ask Side (Sellers): 45.09%

Slightly Bullish

---

๐Ÿ” Technical Insights:

1. Trend Analysis:

AAVE is in a strong bullish structure on the daily timeframe.

The most recent pullback to ~$254 acted as support.

This is forming a potential bullish continuation pattern (like a flag or ascending triangle).

2. Key Levels:

Resistance: $282.84 โ†’ needs breakout confirmation.

Support: $254 โ†’ key level; below this would invalidate current bullish setup.

3. Volume & Momentum:

High volume near the bottom and breakout area.

If price sustains above $260, buyers are likely to retest $282.84, with potential breakout above.

---

๐Ÿงญ Trade Setup Options:

โœ… Bullish Continuation Setup:

Entry: $265 โ€“ $268

Stop-Loss: Below $254 (safe SL)

Target 1: $282 (recent high)

Target 2: $291 โ€“ $300 (psychological & technical zone)

Risk-Reward: Favorable (~2.5:1)

๐Ÿ“ˆ If $282 is broken with volume, consider adding to the position on the retest.

---

โŒ Bearish Rejection Setup (Low probability unless market sentiment shifts):

Only consider short if price gets rejected again from $282 area and closes below $254 on daily.

Entry: $254โ€“$250

Target: $230 โ†’ $215

Stop-Loss: Above $266

---

๐Ÿง  Next Price Movement Prediction:

Likely Move (Bias: Bullish):

Reattempt of $282 zone within the next few sessions.

If it breaks and closes above $282 on high volume, next upside target becomes $300.

If it fails at $282 and drops below $254 โ†’ expect consolidation or short-term pullback to $230โ€“$240.

Note: I'm not your financial advisor do your own research before entering the market.