Trading Plan Short $AAVE
$AAVE got rejected hard at the 1H EMA50 after a quick retest.
Entry: $88.12-$89.12
Stoploss: $91.35
Targets: $87.00 / $84.50 / $80.50
AAVE is printing a clear distribution pattern after pushing into the 1H EMA50. Smart money likely used the EMA retest to offload, trapping retail buyers chasing the bounce. OI added 2.35% in 24h, indicating fresh shorts entering or longs getting squeezed. Funding is turning negative, suggesting short conviction is building. Reclaim $91.35, short voided.
Trade $AAVE here 👇
$AAVE got rejected hard at the 1H EMA50 after a quick retest.
Entry: $88.12-$89.12
Stoploss: $91.35
Targets: $87.00 / $84.50 / $80.50
AAVE is printing a clear distribution pattern after pushing into the 1H EMA50. Smart money likely used the EMA retest to offload, trapping retail buyers chasing the bounce. OI added 2.35% in 24h, indicating fresh shorts entering or longs getting squeezed. Funding is turning negative, suggesting short conviction is building. Reclaim $91.35, short voided.
Trade $AAVE here 👇