$AAVE: Bears Retake Control as $AAVE Fails to Hold Moving Averages
SHORT SETUP AAVE
Entry: $148.000 - $148.200
Stop Loss: $153.450
Take Profit: $137.400 (2R)
Key Levels: Support $147.050 | Resistance $151.460
Technical Analysis for $AAVE: RSI at 29.9 and Stochastic K at 10.9 show oversold conditions, but MACD is negative and the price sits below EMA9, EMA21, EMA50 and EMA200, confirming a strong downtrend. ADX at 39.7 reinforces the momentum. The bias leans short toward the nearby resistance. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is bearish on the 4hour chart, down 2.6% with a mixed daily trend, and the overall market breadth is broadly negative.
SHORT $AAVE
SHORT SETUP AAVE
Entry: $148.000 - $148.200
Stop Loss: $153.450
Take Profit: $137.400 (2R)
Key Levels: Support $147.050 | Resistance $151.460
Technical Analysis for $AAVE: RSI at 29.9 and Stochastic K at 10.9 show oversold conditions, but MACD is negative and the price sits below EMA9, EMA21, EMA50 and EMA200, confirming a strong downtrend. ADX at 39.7 reinforces the momentum. The bias leans short toward the nearby resistance. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is bearish on the 4hour chart, down 2.6% with a mixed daily trend, and the overall market breadth is broadly negative.
SHORT $AAVE