đ° AAVE just broke $100 â and most traders missed it
DeFi OG hitting new milestones while the market was busy chasing memes. AAVE up +5% today, +11.3% this week. The $100 psychological level is now support, not resistance.
đ The Picture:
Price is trading above ALL major moving averages â SMA7, SMA25, and SMA99 on the daily. Thats what a strong uptrend looks like. RSI at 56 daily, 51 on 4H â momentum building but not exhausted. MACD bullish on both timeframes with expanding histograms.
đĄ Why This Trade?
âą DeFi TVL growing â AAVE as the lending king benefits directly
âą Protocol upgrades providing fundamental catalysts
âą Whale net inflow positive â big money accumulating
âą Break above $100 is technically significant â opens path to $115
âą 80% confidence score with 1.3R risk/reward
đŻ Trade Plan:
âą Entry: $97 - $101 (buy the retest of $100 breakout)
âą Stop Loss: $92 (below SMA25 daily â structure break)
âą TP1: $108 (+7% â next resistance zone)
âą TP2: $115 (+14% â measured move target)
The reason for the wide stop: AAVE daily ATR is ~$2.4, so we need room to breathe. This is a swing trade, not a scalp.
â ïž Disclaimer: This is not financial advice. Always DYOR and manage your risk.
AAVE or UNI â which DeFi blue chip are you betting on? Let me know đ
#AAVE #DeFi #CryptoTrading #Altcoins
DeFi OG hitting new milestones while the market was busy chasing memes. AAVE up +5% today, +11.3% this week. The $100 psychological level is now support, not resistance.
đ The Picture:
Price is trading above ALL major moving averages â SMA7, SMA25, and SMA99 on the daily. Thats what a strong uptrend looks like. RSI at 56 daily, 51 on 4H â momentum building but not exhausted. MACD bullish on both timeframes with expanding histograms.
đĄ Why This Trade?
âą DeFi TVL growing â AAVE as the lending king benefits directly
âą Protocol upgrades providing fundamental catalysts
âą Whale net inflow positive â big money accumulating
âą Break above $100 is technically significant â opens path to $115
âą 80% confidence score with 1.3R risk/reward
đŻ Trade Plan:
âą Entry: $97 - $101 (buy the retest of $100 breakout)
âą Stop Loss: $92 (below SMA25 daily â structure break)
âą TP1: $108 (+7% â next resistance zone)
âą TP2: $115 (+14% â measured move target)
The reason for the wide stop: AAVE daily ATR is ~$2.4, so we need room to breathe. This is a swing trade, not a scalp.
â ïž Disclaimer: This is not financial advice. Always DYOR and manage your risk.
AAVE or UNI â which DeFi blue chip are you betting on? Let me know đ
#AAVE #DeFi #CryptoTrading #Altcoins