📉 $AAVE / USDT – CONSOLIDATING NEAR SUPPORT AFTER DUMP! 📉
$AAVE has retraced sharply from the recent high of $325.41, now trading at $275.76, down -2.12% on the 4H chart.
The price is below both the 7 MA ($283.21) and 25 MA ($295.92), showing clear short-term bearish pressure.
However, the 99 MA ($266.27) is acting as a critical support line — a bounce zone that held firm during the last dip.
Volume has decreased, hinting at indecision or possible accumulation.
A strong 4H candle above $283 could flip short-term bias bullish.
But a break below $266 could signal another wave of downside momentum.
📊 Trading Plan
Short Setup (Trend Continuation)
• Entry: $278 – $282
• Take Profits: $270 / $266 / $250
• Stop Loss: $289
Long Setup (Support Bounce)
• Entry: $266 – $270 (on support confirmation)
• Take Profits: $283 / $295 / $310
• Stop Loss: $259
⚠️ Wait for breakout or breakdown signals. Ideal for reactive rather than predictive trades.