$AAVE is up about 4% on the day at ~136, and it has now fully clawed back the drop to the 115 wick from a few days ago. The 4h candles have been stepping higher for nearly two days straight.
On the NanoTrading Fire chart (4h) price just pushed back above the volume POC around 134.5, which had been acting as a lid. The heatmap shows a thick liquidity band sitting right overhead at roughly 140-141, then more layered asks around 145-152. Underneath, the bids are stacked from about 125 to 132, which is where this whole bounce was built. The liquidation map has short liq marks just above price around 137-138 and again near 150.
Futures are interesting here. Funding has been negative for most of the last two days and only just flipped to roughly flat, so shorts were paying while price ground up. OI actually eased to about $53.7M from ~$55.8M, so part of this move looks like shorts closing rather than fresh longs piling in. Top traders lean long at 1.73.
My plan: holding 134.5 keeps $AAVE pointed at the 140-141 wall, and a clean break of that opens 145+. Lose 132 and I'd expect a retest of the 125-128 bids first.
Do you think 141 gets taken on this push, or is that where it stalls?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #DeFi #NanoTrading
On the NanoTrading Fire chart (4h) price just pushed back above the volume POC around 134.5, which had been acting as a lid. The heatmap shows a thick liquidity band sitting right overhead at roughly 140-141, then more layered asks around 145-152. Underneath, the bids are stacked from about 125 to 132, which is where this whole bounce was built. The liquidation map has short liq marks just above price around 137-138 and again near 150.
Futures are interesting here. Funding has been negative for most of the last two days and only just flipped to roughly flat, so shorts were paying while price ground up. OI actually eased to about $53.7M from ~$55.8M, so part of this move looks like shorts closing rather than fresh longs piling in. Top traders lean long at 1.73.
My plan: holding 134.5 keeps $AAVE pointed at the 140-141 wall, and a clean break of that opens 145+. Lose 132 and I'd expect a retest of the 125-128 bids first.
Do you think 141 gets taken on this push, or is that where it stalls?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #DeFi #NanoTrading
