I'm opening a LONG on $AAVE đ
Entry: $168â169 after confirmation
TP: $171 / $175
SL: $164.80
You know what catches my attention?
AAVE sold off sharply from above $180 and printed a deep lower wick near $160 before recovering. That wick suggests buyers absorbed some selling pressure, but the rebound hasn't yet reversed the broader bearish structure.
Here's the opportunity I'm watching.
Price is hovering around $167, close to short-term support. If buyers reclaim $168â169 and hold it, trapped shorts could help fuel a relief bounce toward $171 and potentially $175.
But there's a catch: recent lower highs show sellers still have control.
I want confirmation before entering. If $166 fails and selling accelerates, this LONG idea loses strength.
The plan: reclaim resistance, confirm the retest, then target the bounce. No confirmation, no trade. đ
Entry: $168â169 after confirmation
TP: $171 / $175
SL: $164.80
You know what catches my attention?
AAVE sold off sharply from above $180 and printed a deep lower wick near $160 before recovering. That wick suggests buyers absorbed some selling pressure, but the rebound hasn't yet reversed the broader bearish structure.
Here's the opportunity I'm watching.
Price is hovering around $167, close to short-term support. If buyers reclaim $168â169 and hold it, trapped shorts could help fuel a relief bounce toward $171 and potentially $175.
But there's a catch: recent lower highs show sellers still have control.
I want confirmation before entering. If $166 fails and selling accelerates, this LONG idea loses strength.
The plan: reclaim resistance, confirm the retest, then target the bounce. No confirmation, no trade. đ