Explosive Move: $AAVE Long Liquidation Shakes the Market!
A significant long liquidation of $3.5653K at $324.118 has rattled the $AAVE market, signaling a shift in momentum and igniting bearish sentiment.
Key Details:
Liquidation Amount: $3.5653K
Liquidation Price: $324.118
Market Sentiment: Bearish, with a possibility of further downside.
Next Move:
1. Support Levels: Watch for a potential bounce near $320. If broken, the next support target is $310.
2. Resistance Levels: Any recovery will face resistance around $330, where sellers may dominate.
3. Momentum Shift: Monitor volume closely—if selling pressure remains high, we could see further downward action, but a decrease in volume might suggest consolidation.
Suggested Stop Loss:
For Longs: Place a stop loss below $320 to protect against deeper declines.
For Shorts: Tighten stops above $330 to secure profits if a breakout occurs.
The $AAVE market is at a crucial juncture—sharp moves are expected as the liquidation event plays out.
Stay prepared for volatility and adjust strategies accordingly.