💣 Don’t get dizzy chasing the bounce: $AAVE I’m 【bearish】

【View】$AAVE (Aave) → Bearish

Ranked around #51 by market cap, currently around 118.91. MA20 ≈ 146.33 and MA50 ≈ 149.76; price is below both moving averages, and each bounce looks more like an opportunity for trapped holders to exit. When the trend is bearish, “buying the dip” can easily turn into “catching a falling knife.” Key levels: resistance ≈ 173.03, support ≈ 115.23. I’ll reconsider if price can reclaim 134.64 decisively—in that case, I’ll admit I’m wrong and turn neutral. Volume has risen to 2.4 times the 20-day average; the market is making its position clear.

📌 Reference levels (daily ATR ≈ 9.26)
Direction: Short
Entry: 118.91–123.54
TP1: 107.80 TP2: 94.38 TP3: 80.96
SL: 134.64

Keep an eye on whether a bounce to 173.03 gets rejected, and whether 115.23 holds.

Are you still holding $AAVE ? Can you hold on, or are you ready to admit you’re wrong? Let’s discuss in the comments.

⚠️ Disclaimer: This is only my personal opinion, not investment advice. Please be aware of the risks.

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