Friends, I am Mig.
Today we will break down AAVE's market. Don't be fooled by its current fluctuations; the true essence is hidden in the details.
Technical aspect: Key indicators have shown conflicting signals.
The Bollinger Bands on the four-hour chart are clearly tightening, with the price hovering around the middle band and grinding repeatedly. This pattern usually indicates that a direction will need to be chosen.
MACD is below the zero line, but the red bars are indeed shortening—this tells you that the bearish strength is weakening, but until it rises above the zero line, any rebound should be viewed as a retracement. RSI and KDJ are turning upwards in the low range, but they have not yet entered a strong zone, indicating only that short-term selling pressure has decreased.
Mige's summary: Long and short positions are at a critical stalemate, indicators are recovering but not yet turning strong. Focus on the support at 146 and resistance at 160. If you are unsure about the specific entry points, you can follow Mige for real-time reminders 24 hours a day for friends who have paid attention to me. Chat Room
My point of view: I tend to lean towards 'not falling'.
Why? If there were to be a significant drop, it should have broken down quickly in a negative environment. The fact that it can hold around 146 repeatedly indicates that there is capital supporting it. Additionally, the DeFi sector has shown signs of overall recovery recently, and AAVE, as an established player, has reached a point where the cost-effectiveness has appeared.
Mige's summary: Panic is unnecessary, but a direct surge is also lacking momentum. Finding opportunities to buy on dips during fluctuations is the best strategy. Where exactly to enter, and where to set the stop-loss most safely? The Lord's Village has already provided reminders. If you want to join, become a villager of the Lord's Village! Chat Room
Retail operation advice: Two steps, don't get too excited.
If your position is light, you can place orders in two batches to test the 146-150 range, with stop-losses uniformly set below 143, and initially target the situation of breaking through 160.
If you are already holding positions, don't rush to add more; wait until it stabilizes at 160 before considering adding to your position. Avoid the mindset of fearing drops and chasing rises—this is the fastest way to lose money.
Testing the support level, confirming the breakout level; never treat 'feelings' as a strategy.
The market is something that unfolds, not something that can be guessed. I share real-time insights and key position reminders every day in the fan group to help everyone filter noise and focus on the essentials.
If you are also tired of being led by the market, feel free to follow Mige and use calm strategies to cope with the volatile market. We do not boast, only practical experience.
