🐳 $AAVE has formed a death cross on the daily chart. A couple of thoughts from a positioning perspective:
The bullish momentum bars lasted for 19 daily candles, suggesting buyers were in control during that period. Buying pressure now appears noticeably weaker. After a sustained rally, many holders may be sitting on profits, so watch to see whether large investors reduce their positions in stages.
Share your take in the comments.
#AAVE
Volatility is significant, so use leverage only within your risk tolerance.
The bullish momentum bars lasted for 19 daily candles, suggesting buyers were in control during that period. Buying pressure now appears noticeably weaker. After a sustained rally, many holders may be sitting on profits, so watch to see whether large investors reduce their positions in stages.
Share your take in the comments.
#AAVE
Volatility is significant, so use leverage only within your risk tolerance.