### $AAVE /USDT — Rejection Below MA60 📉
I’m watching AAVE/USDT after price failed to hold near 147.65 and dropped sharply toward 147.06 before bouncing to 147.25. Price remains below the visible MA60 at 147.57, so I’m cautious about calling this a reversal.
For me, the key zone is 147.37–147.57. If price reclaims this area and holds, a recovery toward the recent highs becomes possible. If the bounce fails, the recent low near 147.06 is the level I’m watching for support.
📍 Entry: 147.37–147.57 after a confirmed reclaim 🎯 TP1: 147.52 🎯 TP2: 147.65 🎯 TP3: 147.68, only if momentum supports it 🛑 Invalidation: Below 147.06 for the bullish setup
If price loses 147.06, I’d step away from the long idea because the latest rebound would be losing its nearby support.
The MA60 is still above current price, and the sharp sell-off shows that sellers remain active. I’d wait for confirmation rather than chase this bounce. The setup is tentative until price can recover the moving average.
I’m watching AAVE/USDT after price failed to hold near 147.65 and dropped sharply toward 147.06 before bouncing to 147.25. Price remains below the visible MA60 at 147.57, so I’m cautious about calling this a reversal.
For me, the key zone is 147.37–147.57. If price reclaims this area and holds, a recovery toward the recent highs becomes possible. If the bounce fails, the recent low near 147.06 is the level I’m watching for support.
📍 Entry: 147.37–147.57 after a confirmed reclaim 🎯 TP1: 147.52 🎯 TP2: 147.65 🎯 TP3: 147.68, only if momentum supports it 🛑 Invalidation: Below 147.06 for the bullish setup
If price loses 147.06, I’d step away from the long idea because the latest rebound would be losing its nearby support.
The MA60 is still above current price, and the sharp sell-off shows that sellers remain active. I’d wait for confirmation rather than chase this bounce. The setup is tentative until price can recover the moving average.