$AAVE fundamentals have already completely fallen apart. A single bearish daily candle directly broke through the 148 breakout platform, and the price is lying under MA50 unable to catch its breath. This is trend retaliation, not a pullback. You think the funding rate is still supporting the scene? The funding rate has fallen all the way from a peak of 0.01% to 0.00188%, basically flat on the ground, and the sell volume in the spot order book is two and a half times the buy volume. The big players are all using the rebound to distribute. Short directly at the current price of 137.3, first target 131.4 below the previous low, second target 126.8, set the stop loss at 143.1 and you're done. Enter only with a stop loss, exhausted.
