$AAVE Liquidated Short: $72K at $322.16
A major short position of $72K was liquidated at the $322.16 mark, signaling strong upward momentum in $AAVE . Bulls seem to be in control as the price pushes higher, breaking through resistance levels.
Support & Resistance Levels
Immediate Resistance: $330
Strong Resistance: $350
Support Level: $310
Next Move Suggestions
1. If Bullish: Watch for a breakout above $330 with strong volume. A sustained move above this level could target $350 and beyond. Consider entering on pullbacks near $320 for a better risk-reward ratio.
2. If Bearish: Monitor the $330 level for potential rejection. A break below $310 may confirm a bearish trend reversal, targeting lower levels.
Trader Tip: Stay cautious as liquidation events can cause short-term volatility.
.Use proper risk management and watch for confirmation before entering a position.
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