Thrilling $AAVE Update: Short Liquidation Spotted! 🚀
We just witnessed a $10,004 short liquidation on AAVE at $377.519. This signals a major move is coming soon.
Let’s dive into the details and potential strategy for this exciting opportunity
Market Analysis
1. Liquidation Insight:
A large short liquidation means bearish traders are getting squeezed out. This indicates growing bullish momentum as prices rise against short sellers.
2. Current Trend:
$AAVE is likely moving toward a bullish breakout. Strong support levels and buying interest around the liquidation point make this an area to watch.
Key Levels to Watch
Buy Zone: $365–$375
If the price dips into this range, it’s a good opportunity to accumulate.
Target Levels:
Short-Term Target: $390
Mid-Term Target: $405
Extended Target: $430
Stop Loss: $360
To manage risk, exit the position if the price falls below $360.
Trading Plan
1. For Buyers:
Wait for a dip into the buy zone. Place a buy order between $365 and $375.
Set a stop loss at $360 to limit losses.
Take profit at the targets: $390, $405, and $430.
2. For Short Sellers:
Be cautious! AAVE’s momentum is turning bullish, and shorts could face further liquidation.
Final Thoughts
This short liquidation highlights the strength of buyers in the AAVE market. As long as the price stays above $360, the bulls are in control. Stick to the strategy, manage risk, and trade with discipline.
Good luck! 🚀
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