How far can AAVE’s rebound go? I’m paying closer attention to how strongly it recovers after finding support at $154.
AAVE/USDT perpetual, reference price: 156.17 USDT.
My view on AAVE today is short-term bullish: I’m looking to trade a bounce off support, not to label this recovery a trend reversal.
Based on recent price action, AAVE pulled back from above $157 in the previous session, reaching a low of around $153.9 before returning to near $156 today. The $154 area is a short-term support level worth watching. Whether the price can hold here will determine if the rebound has room to continue.
My plan:
Direction: Short-term bullish
Entry range: 155.80–156.50 USDT
First target: 159.50 USDT
Second target: 162.00 USDT
Stop loss: 153.70 USDT
Assuming an entry near 156.20 USDT, the potential reward-to-risk ratio is about 1.3:1 at the first target and about 2.3:1 at the second. If the first target is reached, I’ll consider reducing my position and protecting the remainder.
For position sizing, I’ll keep the initial position below half of my planned size. The maximum loss on a single trade will not exceed 1% of my account equity. I’ll calculate the actual position size based on the stop-loss distance, without using my full balance or high leverage.
The key to this trade isn’t guessing the bottom, but watching whether the bounce off support can continue. If the price breaks below $154 and keeps weakening, the rebound thesis will need to be reassessed. If it moves up toward $159.50, I’ll watch trading volume and whether buyers continue to step in.
What do you think about AAVE? Does this look more like a bounce off support or a recovery before another leg down?
$AAVE
AAVE/USDT perpetual, reference price: 156.17 USDT.
My view on AAVE today is short-term bullish: I’m looking to trade a bounce off support, not to label this recovery a trend reversal.
Based on recent price action, AAVE pulled back from above $157 in the previous session, reaching a low of around $153.9 before returning to near $156 today. The $154 area is a short-term support level worth watching. Whether the price can hold here will determine if the rebound has room to continue.
My plan:
Direction: Short-term bullish
Entry range: 155.80–156.50 USDT
First target: 159.50 USDT
Second target: 162.00 USDT
Stop loss: 153.70 USDT
Assuming an entry near 156.20 USDT, the potential reward-to-risk ratio is about 1.3:1 at the first target and about 2.3:1 at the second. If the first target is reached, I’ll consider reducing my position and protecting the remainder.
For position sizing, I’ll keep the initial position below half of my planned size. The maximum loss on a single trade will not exceed 1% of my account equity. I’ll calculate the actual position size based on the stop-loss distance, without using my full balance or high leverage.
The key to this trade isn’t guessing the bottom, but watching whether the bounce off support can continue. If the price breaks below $154 and keeps weakening, the rebound thesis will need to be reassessed. If it moves up toward $159.50, I’ll watch trading volume and whether buyers continue to step in.
What do you think about AAVE? Does this look more like a bounce off support or a recovery before another leg down?
$AAVE