đ $AAVE
SHORT SETUP đ
AAVE sold off from $187.88 down to $159.61, bounced into a lower high near $175, and has since rolled over hard with a long run of red candles under its falling MAs. Price just lost the 7 MA and is grinding near $167. Iâm watching for a short on a push back up into the MA resistance zone, not chasing the current candle. đ
Entry: $169.50 â $170.50
TP1: $167.00
TP2: $164.50
TP3: $161.00
SL: $172.50
đ» Why AAVE is on watch:
Price ($167.10) is sitting under the 7 MA ($167.76), the 25 MA ($170.07) and the 99 MA ($170.02), with the 25 and 99 MA crossing over and now bunched together as overhead resistance, and the 99 MA sloping down since the drop from $187.88 The structure shows lower highs since the $187.88 peak, and the recent bounce to about $175 was rejected right at the 99 MA, so the recovery looks corrective inside a downtrend The last candles are small and red on fading volume, a sign the move down is slowing but buyers still have no real strength to push back up The $166.00 to $166.80 area is the first support, with the $159.61 low below it. A 1H close under $166.00 would confirm sellers are taking over
â ïž Price is already down over 4% on the day and close to support, so wait for a bounce into the 25/99 MA zone before entering rather than shorting the lows. A clean 1H close above $172.50 would invalidate the setup. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP đ
AAVE sold off from $187.88 down to $159.61, bounced into a lower high near $175, and has since rolled over hard with a long run of red candles under its falling MAs. Price just lost the 7 MA and is grinding near $167. Iâm watching for a short on a push back up into the MA resistance zone, not chasing the current candle. đ
Entry: $169.50 â $170.50
TP1: $167.00
TP2: $164.50
TP3: $161.00
SL: $172.50
đ» Why AAVE is on watch:
Price ($167.10) is sitting under the 7 MA ($167.76), the 25 MA ($170.07) and the 99 MA ($170.02), with the 25 and 99 MA crossing over and now bunched together as overhead resistance, and the 99 MA sloping down since the drop from $187.88 The structure shows lower highs since the $187.88 peak, and the recent bounce to about $175 was rejected right at the 99 MA, so the recovery looks corrective inside a downtrend The last candles are small and red on fading volume, a sign the move down is slowing but buyers still have no real strength to push back up The $166.00 to $166.80 area is the first support, with the $159.61 low below it. A 1H close under $166.00 would confirm sellers are taking over
â ïž Price is already down over 4% on the day and close to support, so wait for a bounce into the 25/99 MA zone before entering rather than shorting the lows. A clean 1H close above $172.50 would invalidate the setup. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!