This $AAVE /USDT (15m) chart feels a bit heavier than the last one… like the move up had conviction, but the drop after it carries more intent.
Let’s break it down slowly:
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📈 The Climb (97 → 100.98)
Strong, steady push up
Clean structure → higher lows, higher highs
Buyers were clearly in control
👉 This wasn’t random — it had structure behind it
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🧱 The Rejection (~101 zone)
Sharp wick at 100.98
Multiple small candles after → hesitation
No strong continuation
👉 That level acted like a ceiling — not just resistance, but supply sitting there
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📉 The Shift (Important Part)
Sudden red candles after rejection
Break of short-term structure (no more higher lows)
Now forming lower highs
👉 This is the key difference from your last chart: This isn’t just cooling — it’s momentum flipping
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🧠 Current Structure (~99.13)
What we’re seeing now:
Weak bounce attempts
Sellers stepping in faster than buyers
Price struggling to reclaim 100
👉 Market is no longer confident on the upside
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🔑 Key Levels
Resistance:
99.8 – 100 (immediate)
100.5 – 101 (major rejection zone)
Support:
98.5 (short-term)
97.8 – 97 (strong base from earlier)
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🧭 My Read (Short-Term)
This feels more bearish than 1INCH.
Likely scenario → range or drift down
If 98.5 breaks, downside accelerates
Only strength signal = reclaim and hold above 100
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⚠️ Important Insight
The move up was structured, but the move down was faster.
That usually means:
> Smart money distributed near the top, not just retail taking profit
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