$AAVE The wick on that last green candle is what makes me pause. AAVE pushed to 187.24 and got sold back down to 183.50, so buyers clearly ran into resistance there. I've chased candles like that before, entering on strength and then watching price drift back through my entry while I waited for a breakout that never came. It's an expensive way to learn patience.
That said, the structure underneath still looks constructive. MA7 at 181.06, MA14 at 180.84, and MA28 at 178.63 are stacked correctly, and SAR at 175.33 confirms the uptrend is intact.
Price also recovered from the 177.36 low without breaking structure, which tells me buyers are still defending the higher low. Volume on the recent push was decent, not explosive, so this looks more like a pause than a reversal.
What I want is confirmation, not anticipation. A clean 4H close above 187.24 would validate the breakout and give me a defined risk level to work with. Buying before that close means I'm just guessing where sellers will step back in.
Entry: Confirmed 4H close above 187.24
Stop: 180.20 (below MA14 and recent structure)
TP1: 190.50
TP2: 194.00
TP3: 198.00
Invalidation: A 4H close below 180.20 weakens the bullish structure.
If price pulls back first, I'll wait for it to hold the mid-180s before considering anything. No chasing this wick.
That said, the structure underneath still looks constructive. MA7 at 181.06, MA14 at 180.84, and MA28 at 178.63 are stacked correctly, and SAR at 175.33 confirms the uptrend is intact.
Price also recovered from the 177.36 low without breaking structure, which tells me buyers are still defending the higher low. Volume on the recent push was decent, not explosive, so this looks more like a pause than a reversal.
What I want is confirmation, not anticipation. A clean 4H close above 187.24 would validate the breakout and give me a defined risk level to work with. Buying before that close means I'm just guessing where sellers will step back in.
Entry: Confirmed 4H close above 187.24
Stop: 180.20 (below MA14 and recent structure)
TP1: 190.50
TP2: 194.00
TP3: 198.00
Invalidation: A 4H close below 180.20 weakens the bullish structure.
If price pulls back first, I'll wait for it to hold the mid-180s before considering anything. No chasing this wick.
