$AAVE – Efforts to Break Out of the Box Again
I’ve been closely tracking $AAVE over the past few sessions. Price is currently trading around the 142–144 area and shows signs of wanting to escape the prolonged sideways “box.”
📊 Long Setup
⟶ Entry zone: 142 – 144
🎯 Take profit in stages:
• TP1: 147
• TP2: 150
• TP3: 160
⛔ Stop loss: 135
📈 The reasons I lean toward going long here are quite clear:
Price has tested the bottom of the box many times and is showing fairly good buying pressure at the lows. Each time it touches the lower zone, there is a buy reaction again. Right now, it’s trying to push back up toward the box’s upper resistance area.
If it breaks and holds above 144–145 with solid volume, the chance of a run toward 150 is very high—then it would open the way for higher targets.
I’ll split my capital and enter in portions within the 142–144 zone. I won’t go all-in in one shot. I’ll take some profit at 147–150 for capital safety, and keep the rest to follow the trend if a real breakout occurs.
I’ve been closely tracking $AAVE over the past few sessions. Price is currently trading around the 142–144 area and shows signs of wanting to escape the prolonged sideways “box.”
📊 Long Setup
⟶ Entry zone: 142 – 144
🎯 Take profit in stages:
• TP1: 147
• TP2: 150
• TP3: 160
⛔ Stop loss: 135
📈 The reasons I lean toward going long here are quite clear:
Price has tested the bottom of the box many times and is showing fairly good buying pressure at the lows. Each time it touches the lower zone, there is a buy reaction again. Right now, it’s trying to push back up toward the box’s upper resistance area.
If it breaks and holds above 144–145 with solid volume, the chance of a run toward 150 is very high—then it would open the way for higher targets.
I’ll split my capital and enter in portions within the 142–144 zone. I won’t go all-in in one shot. I’ll take some profit at 147–150 for capital safety, and keep the rest to follow the trend if a real breakout occurs.
