ABOU_RAYYAN

$AAVE | MARKET STRUCTURE & PRICE ACTION

MARKET OVERVIEW

AAVE is currently experiencing significant selling pressure after an aggressive intraday decline.

Price action shows a clear bearish structure, with sellers maintaining control and buyers struggling to establish a meaningful recovery.

The recent bounce from the $121.30 region suggests some demand is entering the market, but the recovery remains unconvincing.

One important observation: price is trading below the MA60 ($124.74), indicating that the broader intraday momentum remains under bearish pressure.

KEY RESISTANCE LEVELS

$123.30 – Immediate resistance.

$124.30 – Intermediate resistance.

$124.74 – MA60 dynamic resistance.

$125.30 – Major recovery barrier.

KEY SUPPORT LEVELS

$122.30 – Near-term support.

$121.30 – Important demand zone.

$120.83 – 24H swing-low support.

BEARISH SCENARIO

If AAVE fails to reclaim $123.30 and selling pressure returns, another move toward $121.30 becomes possible.

A decisive breakdown below $120.83 could expose the market to further downside.

BULLISH SCENARIO

Buyers need to reclaim $123.30 and establish acceptance above $124.30.

A successful move above the MA60 at $124.74 would strengthen the recovery argument and potentially open the way toward $125.30.

MY TRADING PERSPECTIVE

BIAS: BEARISH UNTIL CONFIRMED OTHERWISE.

I'm not interested in chasing the initial bounce. I want to see how price reacts around the $123.30 resistance and whether buyers can regain control.

The market needs confirmation, not speculation.

Patience is a trading strategy. Protect capital first; opportunities come second.

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