#Write2Earn
On the daily chart $AAVE started from around 85 and went straight up to 155. That is almost a double. After that big first pump it went sideways for many days between 115 to 130. That was the rest period where weak hands sold and strong hands accumulated.
Now it broke that sideways box with a strong green candle and pushed again to 155.48. Right now price is at 147.23 which is just a small pullback after hitting that high. This is normal. Market never goes straight up.
The structure is still higher highs and higher lows, so the trend is clearly bullish. 140 to 142 was the last low before breakout, so that is now strong support. As long as price stays above that, buyers are in control.
Trade idea in pure price action
This is not the place to chase, because it is right under the last high. Smart move is to buy the dip.
Entry around 144 to 146
If it dips a bit more then second entry at 141
Stop loss below 137, because if 140 breaks then structure is weak
Target 1 is 155.48 which is the recent high
Target 2 is 162 which is new high breakout
Target 3 is 170 for swing
If you want to be safe, wait for a daily candle to close above 149.35 then long will be more confirmed for new highs.
Not financial advice, just price action read
$NVDAB
#BİNANCE
$SOL
On the daily chart $AAVE started from around 85 and went straight up to 155. That is almost a double. After that big first pump it went sideways for many days between 115 to 130. That was the rest period where weak hands sold and strong hands accumulated.
Now it broke that sideways box with a strong green candle and pushed again to 155.48. Right now price is at 147.23 which is just a small pullback after hitting that high. This is normal. Market never goes straight up.
The structure is still higher highs and higher lows, so the trend is clearly bullish. 140 to 142 was the last low before breakout, so that is now strong support. As long as price stays above that, buyers are in control.
Trade idea in pure price action
This is not the place to chase, because it is right under the last high. Smart move is to buy the dip.
Entry around 144 to 146
If it dips a bit more then second entry at 141
Stop loss below 137, because if 140 breaks then structure is weak
Target 1 is 155.48 which is the recent high
Target 2 is 162 which is new high breakout
Target 3 is 170 for swing
If you want to be safe, wait for a daily candle to close above 149.35 then long will be more confirmed for new highs.
Not financial advice, just price action read
$NVDAB
#BİNANCE
$SOL