$AAVE /USDT is exhibiting strong bullish momentum, backed by increasing volume and favorable technical indicators. Traders should monitor resistance at $361.56 for a breakout confirmation. The broader trend remains bullish, with significant support at $305.00 ensuring stability.
Trading Strategy:
Bullish Scenario: A breakout above $361.56 could drive the price towards $370.00 and potentially $385.00. Traders could enter long positions near the $350.00 support with a stop loss below $340.00.
Bearish Scenario: If the price fails to sustain above $350.00, a retracement towards $305.00 could occur.
Support and Resistance Levels:
Immediate Support: $350.00 (Aligned with the 25-MA).
Major Support: $305.00 (Coinciding with the 99-MA).
Immediate Resistance: $361.56 (24H high).
Next Major Resistance: $370.00 (Psychological level and potential breakout target).
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