🔻 $AAVE USDT BEARISH REVERSAL SIGNAL – SELLERS REGROUPING
$AAVE is currently trading at $280.18 (-2.34%), showing rejection near $290 resistance on the 4H chart. The recent strong rally has met resistance, and price is forming lower highs suggesting a potential pullback.
📊 Key Levels:
Resistance: $290.80 (24h High), $300.00 (Psychological)
Support: $277.50 (24h Low), $270.00 (Major support), $260.00 (Next key support zone)
💡 Trade Setup (Short):
Entry: Below $277.00 confirmation
Targets (TP):
TP1: $270.00
TP2: $265.00
TP3: $260.00
Stop Loss (SL): $291.50 (above recent resistance wick)
📉 Market Outlook: Momentum is weakening as sellers are stepping in near the $290 zone. A confirmed break below $277 could trigger a deeper retracement to the mid-$260 levels. Trade with patience for clean breakdown confirmations.
⚠️ Risk Management: Risk only 1-2% per trade. Always wait for candle close confirmations before entering and adjust stop loss to protect capital as price moves in your favour.