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After the recent pump, AAVE has reached the premium range of the previous wave and hit a supply.
We have a bearish CH on the chart, which is preferable to a bullish iCH.
AAVE can drop to the specified targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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Here's why:
• It is likely that we will see some profit-taking or re-test of the breakout after a 70% run - which will provide better entries.
• 150 will be a strong resistance. Going long doesn't make sense if the price is already close to the resistance.
• Bitcoin's influence. BTC (still) hasn't decided upon its next move. If it goes lower, it can quickly evaporate AAVE's pump.
Here are better approaches:
• Enter after correction/retest of the breakout
• Enter after the 150 resistance has been broken
• Enter once BTC starts pumping
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New Challenge Start Earn 100USDT to 10000USDT
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