Everyone keeps holding longs at $AAVE from 96.5, and I’m currently watching a potential trap for buyers with a probability of about 90%.
My scenario is a short.
Entry: 96.432–96.688
SL: 99.212
TP1: 94.571
TP2: 93.245
TP3: 91.256
Why am I looking down?
The 4H MTF gives a short signal with 89.8% confidence, despite the fact that the daily trend is formally still ranging.
RSI on 15m is 54.2, so it’s still far from overbought. At the same time, the price has already rejected from resistance around 96.7.
I like the risk-to-reward ratio: a relatively tight stop and several targets below.
The main question right now: are buyers really preparing a breakout out of the range, or are they just stuck in a trap?
I’m waiting for confirmation of a move below 94.36.
Not financial advice. Just an educational breakdown.
My scenario is a short.
Entry: 96.432–96.688
SL: 99.212
TP1: 94.571
TP2: 93.245
TP3: 91.256
Why am I looking down?
The 4H MTF gives a short signal with 89.8% confidence, despite the fact that the daily trend is formally still ranging.
RSI on 15m is 54.2, so it’s still far from overbought. At the same time, the price has already rejected from resistance around 96.7.
I like the risk-to-reward ratio: a relatively tight stop and several targets below.
The main question right now: are buyers really preparing a breakout out of the range, or are they just stuck in a trap?
I’m waiting for confirmation of a move below 94.36.
Not financial advice. Just an educational breakdown.
