$AAVE #AAVE 📉
Direction: SHORT
Entry zone: 124.5 to 125.5
Stop loss: 128.0
Target 1: 121.5
Target 2: 118.5
Aave is trading near 124.67 dollars, down 4.84 percent in 24 hours, one of the weakest majors today, inside a range of 124.18 to 134.26 dollars, and the recent closes show sellers in control near the low, 125.47, then 125.53, then 124.94, then 124.79, then 124.55. 🔴 My reading is that AAVE is leading the downside into CPI, because a coin down nearly 5 percent while Bitcoin is flat is showing real relative weakness, and it is sitting just above its 24 hour low of 124.18 dollars. A short from the current zone, with a stop above 128.0, targets 121.5 first and then 118.5 if sellers break the range low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Aave break 121.5 first, or bounce back above 128.0? 🤔
Follow for more trades.
#Aave #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 124.5 to 125.5
Stop loss: 128.0
Target 1: 121.5
Target 2: 118.5
Aave is trading near 124.67 dollars, down 4.84 percent in 24 hours, one of the weakest majors today, inside a range of 124.18 to 134.26 dollars, and the recent closes show sellers in control near the low, 125.47, then 125.53, then 124.94, then 124.79, then 124.55. 🔴 My reading is that AAVE is leading the downside into CPI, because a coin down nearly 5 percent while Bitcoin is flat is showing real relative weakness, and it is sitting just above its 24 hour low of 124.18 dollars. A short from the current zone, with a stop above 128.0, targets 121.5 first and then 118.5 if sellers break the range low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Aave break 121.5 first, or bounce back above 128.0? 🤔
Follow for more trades.
#Aave #Crypto #FuturesTrading #TradingSignals
