$AAVE SHORT AT RESISTANCE WITH 1:3 RISK REWARD 🎯
Entry: 89.5 🔥
Target: 85.0 🚀
Stop Loss: 96.8 ⚠️
Price is sat at 89.8, right inside the defined supply zone between 89.5 and 91.0. This is the same horizontal resistance that has rejected multiple attempts to break higher over the past week. The daily close above 98 has not happened, meaning the bearish structure remains intact.
Volume is declining into the zone while RSI on the 4H sits below 50—consistent with distribution, not accumulation. Short positioning here offers a clean 1:3 R:R if the first target at 85.0 is hit.
What level would invalidate this short for you—a daily close above 98 or a sudden Bitcoin surge?
Not financial advice. Always manage your risk.
#AAVE #ShortSetup #Crypto #ResistanceTrade
🎯
Entry: 89.5 🔥
Target: 85.0 🚀
Stop Loss: 96.8 ⚠️
Price is sat at 89.8, right inside the defined supply zone between 89.5 and 91.0. This is the same horizontal resistance that has rejected multiple attempts to break higher over the past week. The daily close above 98 has not happened, meaning the bearish structure remains intact.
Volume is declining into the zone while RSI on the 4H sits below 50—consistent with distribution, not accumulation. Short positioning here offers a clean 1:3 R:R if the first target at 85.0 is hit.
What level would invalidate this short for you—a daily close above 98 or a sudden Bitcoin surge?
Not financial advice. Always manage your risk.
#AAVE #ShortSetup #Crypto #ResistanceTrade
🎯
