I’m watching $AAVE for a selling setup here.
Price pushed back into the $126.7 resistance area but failed to break through cleanly. Now AAVE is sitting around $125.9, and the rejection makes me think sellers could get another chance if buyers keep struggling below that level.
Entry: $125.80–$126.40
Targets:
TP1: $124.80
TP2: $124.00
TP3: $123.24
SL: Above $126.80
For me, $126.7 is the key level. As long as AAVE stays below it, I’m watching for a pullback toward the $123.2 support zone.
I wouldn’t chase a red candle though. A weak bounce back toward resistance followed by another rejection would make the setup look much cleaner.
Price pushed back into the $126.7 resistance area but failed to break through cleanly. Now AAVE is sitting around $125.9, and the rejection makes me think sellers could get another chance if buyers keep struggling below that level.
Entry: $125.80–$126.40
Targets:
TP1: $124.80
TP2: $124.00
TP3: $123.24
SL: Above $126.80
For me, $126.7 is the key level. As long as AAVE stays below it, I’m watching for a pullback toward the $123.2 support zone.
I wouldn’t chase a red candle though. A weak bounce back toward resistance followed by another rejection would make the setup look much cleaner.
