$AAVE is retesting a key supply zone where the latest recovery is beginning to lose momentum.
Trading Plan: Short $AAVE
Entry: 124 - 130
SL: 137
TP1: 120
TP2: 115
TP3: 110
The recent rebound has pushed price back into a strong resistance area, where sellers are starting to absorb buying pressure. Buyers are struggling to reclaim the upper structure, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold, $AAVE could see another bearish rotation toward the next liquidity pockets and support levels. Watch the reaction around the entry zone carefully and manage risk with discipline.
DYOR (Do Your Own Research).
Trading Plan: Short $AAVE
Entry: 124 - 130
SL: 137
TP1: 120
TP2: 115
TP3: 110
The recent rebound has pushed price back into a strong resistance area, where sellers are starting to absorb buying pressure. Buyers are struggling to reclaim the upper structure, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold, $AAVE could see another bearish rotation toward the next liquidity pockets and support levels. Watch the reaction around the entry zone carefully and manage risk with discipline.
DYOR (Do Your Own Research).