Watching $AAVE for a short at 130 on the 4H.
I'd rather see sellers cap this zone than chase the candle. I want to see the reaction before anything else.
Why this level:
- 4H price 130 below EMA50 143: trend structure still favors sellers
- Risk 1.3% to SL vs 2.2% to TP3: about 1.6R if the full move plays out
- 1H RSI 29: already oversold, not a drop to chase
🔴 SHORT · Entry 129.9–130.2 · TP 129.0 / 128.3 / 127.2 · SL 131.8
Do sellers hold 130, or does it give way?
NFA · DYOR
I'd rather see sellers cap this zone than chase the candle. I want to see the reaction before anything else.
Why this level:
- 4H price 130 below EMA50 143: trend structure still favors sellers
- Risk 1.3% to SL vs 2.2% to TP3: about 1.6R if the full move plays out
- 1H RSI 29: already oversold, not a drop to chase
🔴 SHORT · Entry 129.9–130.2 · TP 129.0 / 128.3 / 127.2 · SL 131.8
Do sellers hold 130, or does it give way?
NFA · DYOR
