$AAVE has been bleeding for three weeks straight, from roughly 187 down to 140 now, and today alone it's off about 5%. On the NanoTrading Fire chart (4h) every bounce since mid October has been sold, and price is now well under the value area low near 155.
Positioning is interesting though. Funding is basically flat, Binance futures accounts sit right at 50/50, but top traders are about 66% long on $AAVE and that number has been creeping up as price drops. OI slid from around $58M to $53M over the last couple of days, so it's mostly longs closing rather than shorts piling in.
The liquidation heatmap has most of the fuel overhead. The thickest recent cells are in the 145-158 zone, and the book also shows the biggest liquidity stacked around 150-155. Under price the map is pretty thin, which to me says the market has no strong magnet below and the squeeze risk is upward if sellers run out.
My plan: no longs while it's under 145. A 4h close back above 145-148 would put 150-155 in play fast. Losing 139.8 cleanly and i'd expect more drift lower with $BTC still soft.
Is anyone actually buying $AAVE down here or waiting for 130s first?
NFA, just my notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #DeFi #NanoTrading
Positioning is interesting though. Funding is basically flat, Binance futures accounts sit right at 50/50, but top traders are about 66% long on $AAVE and that number has been creeping up as price drops. OI slid from around $58M to $53M over the last couple of days, so it's mostly longs closing rather than shorts piling in.
The liquidation heatmap has most of the fuel overhead. The thickest recent cells are in the 145-158 zone, and the book also shows the biggest liquidity stacked around 150-155. Under price the map is pretty thin, which to me says the market has no strong magnet below and the squeeze risk is upward if sellers run out.
My plan: no longs while it's under 145. A 4h close back above 145-148 would put 150-155 in play fast. Losing 139.8 cleanly and i'd expect more drift lower with $BTC still soft.
Is anyone actually buying $AAVE down here or waiting for 130s first?
NFA, just my notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#AAVE #DeFi #NanoTrading