đ $AAVE : The 121.96 Liquidity Sweep Could Fuel Another Leg Down
$AAVE pushed 0.40% above 121.96, but the breakout failed quickly and price closed back below the level. To me, this looks more like a liquidity grab than a genuine reversal signal.
My bias remains bearish while the 1H lower-high structure holds. Iâm watching for a clean 15M/5M bearish market-structure shift followed by rejection around 122.12â122.55 before considering a short.
Key downside levels: â 120.24 â first liquidity target â 119.51 â next support â 118.36 â extended target
Potential entry zone: 121.70â122.40 on a failed reclaim or bearish engulfing setup after the sweep.
Invalidation: A strong 1H close above 122.55 would weaken the bearish setup and shift my bias bullish.
This setup favors patience over chasing. Let the confirmation come first.
Not financial advice. Educational purposes only.$AAVE
#AAVE #CryptoTrading #Altcoins #TechnicalAnalysis #Binance
$AAVE pushed 0.40% above 121.96, but the breakout failed quickly and price closed back below the level. To me, this looks more like a liquidity grab than a genuine reversal signal.
My bias remains bearish while the 1H lower-high structure holds. Iâm watching for a clean 15M/5M bearish market-structure shift followed by rejection around 122.12â122.55 before considering a short.
Key downside levels: â 120.24 â first liquidity target â 119.51 â next support â 118.36 â extended target
Potential entry zone: 121.70â122.40 on a failed reclaim or bearish engulfing setup after the sweep.
Invalidation: A strong 1H close above 122.55 would weaken the bearish setup and shift my bias bullish.
This setup favors patience over chasing. Let the confirmation come first.
Not financial advice. Educational purposes only.$AAVE
#AAVE #CryptoTrading #Altcoins #TechnicalAnalysis #Binance