$AAVE: Major Support Breakdown Confirmed on $AAVE Higher Timeframes
SHORT SETUP AAVE
Entry: $136.400 - $136.600
Stop Loss: $141.280
Take Profit: $126.940 (2R)
Key Levels: Support $136.350 | Resistance $136.870
Technical Analysis for $AAVE: AAVE sits below all key EMAs (9200), confirming bearish bias. RSI at 43.5 and stochastic K below 50 signal weakening momentum. ADX 28.7 shows a clear trend. Immediate resistance sits near 136.8, with support around 136.3 on the 1H chart. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a shortterm bearish phase, down 0.55% on 24h, while overall market breadth remains broadly positive (63% green).
SHORT $AAVE
SHORT SETUP AAVE
Entry: $136.400 - $136.600
Stop Loss: $141.280
Take Profit: $126.940 (2R)
Key Levels: Support $136.350 | Resistance $136.870
Technical Analysis for $AAVE: AAVE sits below all key EMAs (9200), confirming bearish bias. RSI at 43.5 and stochastic K below 50 signal weakening momentum. ADX 28.7 shows a clear trend. Immediate resistance sits near 136.8, with support around 136.3 on the 1H chart. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a shortterm bearish phase, down 0.55% on 24h, while overall market breadth remains broadly positive (63% green).
SHORT $AAVE
