šØ $AAVE /USDT Technical Analysis: Massive Breakout Ahead! šØ
$AAVE is currently trading at 343.64, soaring by an impressive 28.09% in the past 24 hours. The price has reached a 24-hour high of 351.20, indicating strong bullish momentum. With rising volumes, AAVE is eyeing new resistance levels for its next potential breakout.
Key Levels to Watch:
1. Resistance 1: 350.00 ā A breakout above this level could open the door for more significant gains.
2. Resistance 2: 365.00 ā Sustaining momentum could push the price toward this critical zone.
3. Support Level: 330.00 ā This level needs to hold to maintain the bullish structure.
Trade Setup and Targets:
Bullish Scenario: If $AAVE breaks above 350.00, watch for targets at 360.00, 365.00, and potentially 375.00.
Bearish Scenario: A drop below 330.00 might lead to a retracement toward 320.00 or even 310.00.
Recommendation:
Monitor price movement near 350.00 for a breakout confirmation. Set stop-loss orders below 325.00 to mitigate risks. Volatility remains high, so trade cautiously while taking advantage of the current trend.
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