$AAVE: Major Support Breakdown Confirmed on $AAVE Higher Timeframes
SHORT SETUP AAVE
Entry: $150.500 - $152.100
Stop Loss: $158.200
Take Profit: $137.500 (2R)
Key Levels: Support $147.270 | Resistance $154.410
Technical Analysis for $AAVE: Bearish momentum is evident as price trades below the 9, 21, and 50 EMAs. RSI at 32.58 and a negative MACD histogram confirm downward pressure. The orderbook shows a 20.89% bid imbalance, but price rejection at 154.41 resistance suggests sellers are in control. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is trading bearishly at 81,309, below its 4H EMAs. Market breadth is broadly negative with 87.2% of assets red, providing a
SHORT $AAVE
SHORT SETUP AAVE
Entry: $150.500 - $152.100
Stop Loss: $158.200
Take Profit: $137.500 (2R)
Key Levels: Support $147.270 | Resistance $154.410
Technical Analysis for $AAVE: Bearish momentum is evident as price trades below the 9, 21, and 50 EMAs. RSI at 32.58 and a negative MACD histogram confirm downward pressure. The orderbook shows a 20.89% bid imbalance, but price rejection at 154.41 resistance suggests sellers are in control. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is trading bearishly at 81,309, below its 4H EMAs. Market breadth is broadly negative with 87.2% of assets red, providing a
SHORT $AAVE