$AAVE got rejected at 141 yesterday and has bled back to ~134, down about 4% on the day, and it's now sitting right on the 4h POC around 134.4. That level has been the pivot of the whole range since late October, so this is where it either holds or the floor gives.
On the NanoTrading Fire chart the liquidation map is lopsided. The thick long-liq bands are stacked from about 134 all the way down to 120, while overhead there's a dense pocket at 140-145 and the heavier short bands sit higher, 150-160. The order book heatmap shows a big ask wall near 153-154 too.
Binance perps: OI around 427K AAVE (~$58M), up from ~401K a day ago and flat since, funding at the default 0.01%, ~59% of accounts long (L/S 1.46) and top traders 1.68. So the longs who bought the push to 141 are still in.
My read: holding the POC keeps a retest of 140-145 on the table, but a clean 4h close below ~133 puts those stacked long liqs in play and I'd expect a flush toward the low 120s before any real bounce. I'm waiting for that close either way rather than guessing. $ETH direction probably decides it.
POC hold or long flush first? 🤔
NFA, just reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #NanoTrading #DeFi
On the NanoTrading Fire chart the liquidation map is lopsided. The thick long-liq bands are stacked from about 134 all the way down to 120, while overhead there's a dense pocket at 140-145 and the heavier short bands sit higher, 150-160. The order book heatmap shows a big ask wall near 153-154 too.
Binance perps: OI around 427K AAVE (~$58M), up from ~401K a day ago and flat since, funding at the default 0.01%, ~59% of accounts long (L/S 1.46) and top traders 1.68. So the longs who bought the push to 141 are still in.
My read: holding the POC keeps a retest of 140-145 on the table, but a clean 4h close below ~133 puts those stacked long liqs in play and I'd expect a flush toward the low 120s before any real bounce. I'm waiting for that close either way rather than guessing. $ETH direction probably decides it.
POC hold or long flush first? 🤔
NFA, just reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #NanoTrading #DeFi
