$AAVE | Market Structure Speaks Louder Than Emotions 📉
AAVE is currently trading beneath a well-defined supply zone after failing to sustain momentum above recent highs. The rejection from resistance was followed by a shift in short-term structure, with price beginning to print lower highs and weaker recovery attempts.
What stands out is the inability of buyers to reclaim the supply area despite multiple retests. This suggests that demand is fading while sellers remain active around the same level.
For now, the market appears to be in a corrective phase rather than a trend continuation. Unless bulls reclaim and hold above the resistance zone with strong volume, every relief bounce could simply be another liquidity grab before the next move.
The key level to watch remains the highlighted resistance. A decisive break above it would invalidate the current bearish structure, while continued rejection keeps downside pressure intact.
Price doesn't move because traders have opinions—it moves because liquidity gets taken.
Trade what the chart confirms, not what you hope will happen. Always DYOR.
#AAVE #Crypto #TechnicalAnalysis #PriceAction #DYOR