Look at the 1-hour chart and it’s clear: #AAVEUSDT.P is currently playing a game of tug-of-war. We’ve had a solid run-up, but now the market is catching its breath in a tight consolidation zone.
The Breakdown Current Price: 112.92
The "No-Trade" Zone: We are sitting right in the middle of a choppy range. Those long wicks you see on both ends? That’s classic "stop-loss hunting." The market is shaking out the weak hands and over-leveraged positions before the next real move.
Support Floor: Buyers are stepping in heavy around the 110.00 – 111.00 area. As long as we hold above 110.00, the structure remains intact.
Resistance Ceiling: The 115.00 – 116.50 zone is acting like a brick wall. We’ve seen multiple rejections here, meaning sellers are defending this level aggressively.
The VIP09 Game Plan Patience is the name of the game right now. Trading in the middle of this chop is a coin toss.
Here is what I’m watching for:
Bullish Confirmation: We need a clean hourly candle close above 116.50 with decent volume. If we flip that resistance into support, we’re likely heading for the next leg up.
Bearish Risk: If we lose the 110.00 support, expect a quick slide down toward 108.00 or lower to find a new base.
Bottom Line: Stay disciplined. Don't chase the noise in the middle. Wait for the breakout or a clear bounce off the levels we’ve identified.
Trade Plan as per our Notorious Strategy 🚀 (check attached image for entry, tp and sl)
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