AAVE is testing a crucial market structure break, with price action hinting at a potential reversal. This could be the start of a significant downtrend, given the current momentum.
━━━━━━━━━━━━━━━━━━━━━
🔴 $AAVE SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $94.6453 – $94.8347
🛑 Stop Loss: $97.5822 (-3.0%)
🎯 TP1: $93.3189 (+1.5%)
🏆 TP2: $90.0030 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
━━━━━━━━━━━━━━━━━━━━━
The setup is looking promising, with the CHoCH signal confirming the break, CVD indicating volume is supporting the short direction, and the FVG highlighting a fair value gap that needs to be filled. Additionally, the presence of an order block and POI confluence adds to the conviction, suggesting a high-probability trade. The overall market structure is ripe for a short, with AAVE showing signs of weakness.
A 3.0% stop loss seems reasonable, allowing for a bit of wiggle room while keeping the leverage in check, which can be managed with 2-3x to maintain a healthy risk-reward ratio.
Taking partial profits at the first target would be a sensible move, as it allows for locking in some gains while letting the rest of the position ride out the potential downtrend.
Not financial advice — always manage your own risk 🙏
$AAVE #AAVEUSDT #grubmarketfilesconfidentiallyforusipo #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $AAVE SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $94.6453 – $94.8347
🛑 Stop Loss: $97.5822 (-3.0%)
🎯 TP1: $93.3189 (+1.5%)
🏆 TP2: $90.0030 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
━━━━━━━━━━━━━━━━━━━━━
The setup is looking promising, with the CHoCH signal confirming the break, CVD indicating volume is supporting the short direction, and the FVG highlighting a fair value gap that needs to be filled. Additionally, the presence of an order block and POI confluence adds to the conviction, suggesting a high-probability trade. The overall market structure is ripe for a short, with AAVE showing signs of weakness.
A 3.0% stop loss seems reasonable, allowing for a bit of wiggle room while keeping the leverage in check, which can be managed with 2-3x to maintain a healthy risk-reward ratio.
Taking partial profits at the first target would be a sensible move, as it allows for locking in some gains while letting the rest of the position ride out the potential downtrend.
Not financial advice — always manage your own risk 🙏
$AAVE #AAVEUSDT #grubmarketfilesconfidentiallyforusipo #TradingSignals #Write2Earn