$AAVE /USDT has shown significant upward momentum
with a current price of $193.25, reflecting a 7.05% increase in the last 24 hours. The asset experienced a strong rebound from a low of $165.42, breaking above multiple resistance levels.
Key Levels:
Resistance Levels (Red):
$194.59 (24H High)
$200 (Psychological Level)
Support Levels (Green):
$185.35 (Immediate Support)
$174.66 (Previous Breakout Zone)
Indicators Summary:
RSI: Currently at 81.88, indicating overbought conditions. Traders should watch for potential corrections.
Volume: High volume at 445,013 AAVE, suggesting strong buying interest.
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Trading Signals:
Short-Term Trade (Scalping):
Entry: $193.00
Take-Profit Targets:
TP1: $196.00
TP2: $198.00
TP3: $200.00
Stop Loss: $190.00
Caution: Due to the RSI's overbought state, watch for pullbacks toward support levels before entering.
Long-Term Trade (Swing):
Entry: $185.50 (Retest of Support)
Take-Profit Targets:
TP1: $195.00
TP2: $205.00
TP3: $215.00
Stop Loss: $180.00
Observation: Wait for stability near the $185-$190 range before considering an entry for long trades.
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Key Notes:
Monitor the $194.59 level for a potential breakout; if volume remains high, it could push prices toward $200 and beyond.
A rejection near the resistance may lead to consolidation near $185.
Overbought RSI levels caution against overleveraging positions.
#CryptoTrading #BinanceSignals #AAVEUSDT #CryptoAnalysis #DeFi
