🔷️ $AAVE is testing a key decision area on the monthly chart. 👀
After the sharp rejection from the upper range, price has been printing a clear sequence of lower highs and lower lows. The latest candles are now sitting just below a major yellow resistance zone, while the long-term black/grey demand area remains the key structural support.
The interesting part is the location: #AAVE is trying to stabilize after a prolonged decline, but the monthly structure has not flipped bullish yet. A clean reclaim of the nearby resistance would strengthen the recovery case; losing the lower demand zone would keep the broader bearish structure intact. 📊
This is a level-to-level setup worth watching rather than chasing. 🔎
⚠️ Not financial advice.
#AAVE #crypto #DeFi #Bitcoin
After the sharp rejection from the upper range, price has been printing a clear sequence of lower highs and lower lows. The latest candles are now sitting just below a major yellow resistance zone, while the long-term black/grey demand area remains the key structural support.
The interesting part is the location: #AAVE is trying to stabilize after a prolonged decline, but the monthly structure has not flipped bullish yet. A clean reclaim of the nearby resistance would strengthen the recovery case; losing the lower demand zone would keep the broader bearish structure intact. 📊
This is a level-to-level setup worth watching rather than chasing. 🔎
⚠️ Not financial advice.
#AAVE #crypto #DeFi #Bitcoin