๐จ $AAVE E/USDT โ Bulls In Control or Overbought Trap? ๐ฅ
$AAVE has surged to $267.95 (+4.70%) with strong DeFi momentum! But with RSI flashing 86.00, is this sustainableโor are we nearing a reversal? Letโs break it down! ๐
๐ Market Overview
๐ Current Price: $267.95
๐ 24h High: $269.47
โ๏ธ 24h Low: $253.12
๐ Parabolic SAR: Holding below $262.00 (watch for breakout retest!)
๐ MACD Momentum:
DIF: Positive (Momentum in favor of bulls)
MACD: Bullish crossover likely
๐ RSI (6): 86.00 (โ ๏ธ Overbought zone!)
๐ AAVE Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If AAVE Holds Above $262.00):
Entry: Above $268.00
Targets: $273.50, $280.00, $295.00+
Stop-Loss: $259.00
๐น Bearish Scenario (If AAVE Drops Below $259.00):
Entry: Below $258.00
Targets: $250.00, $240.00, $230.00
Stop-Loss: $268.00
๐ Should You Hold or Sell?
โ Price strength above $262.00 signals bullish continuation potential
โ ๏ธ RSI is overheatedโwatch for sudden reversals
โ Strong 24h volume ($18.4M USDT) supports the current breakout
๐ก Pro Tip:
๐ If AAVE breaks $269.50 with volume, expect a fast move toward $280+
โ ๏ธ Be cautious of a fakeout if RSI remains above 85 without new volume spikes
๐ข Whatโs your planโscaling out or holding for $300? Comment below!
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