AAVE fell from 162 to around 153. Why did this rebound fail to continue?
A few days ago, when I was watching AAVE/USDT, the price was still around 162, with consecutive rebounds on the 4-hour chart. However, there was still significant resistance overhead near 169.
Looking at it again now, AAVE has returned to around 153. It dipped as low as 146 on October 18, suggesting that the previous rebound did not develop into a sustained uptrend.
I’m now more inclined to view this move as a weak recovery rather than a reversal.
Trading plan: AAVE/USDT perpetual futures, with a short-term bearish bias.
If the price rebounds but meets resistance in the 153–155 range, I’ll consider opening a small short position, with an initial target of 150, followed by 146, and a stop-loss at 157.5.
If the price regains and holds above 157.5, I’ll cancel my short-term bearish plan.
I’ll keep the position size below 10% of my total capital, with the risk on any single trade capped at 1% of my total capital.
Do you think AAVE will retest 146 this time, or reclaim 155 first?
$AAVE
A few days ago, when I was watching AAVE/USDT, the price was still around 162, with consecutive rebounds on the 4-hour chart. However, there was still significant resistance overhead near 169.
Looking at it again now, AAVE has returned to around 153. It dipped as low as 146 on October 18, suggesting that the previous rebound did not develop into a sustained uptrend.
I’m now more inclined to view this move as a weak recovery rather than a reversal.
Trading plan: AAVE/USDT perpetual futures, with a short-term bearish bias.
If the price rebounds but meets resistance in the 153–155 range, I’ll consider opening a small short position, with an initial target of 150, followed by 146, and a stop-loss at 157.5.
If the price regains and holds above 157.5, I’ll cancel my short-term bearish plan.
I’ll keep the position size below 10% of my total capital, with the risk on any single trade capped at 1% of my total capital.
Do you think AAVE will retest 146 this time, or reclaim 155 first?
$AAVE