$AAVE BREAKOUT ALERT: Bullish Momentum Intensifies...
$AAVE is currently trading at $334.64, up 12.18%, after rebounding from a low of $291.02. The strong rally has pushed AAVE close to its 24-hour high of $335.51, signaling robust upward momentum.
Key Levels to Watch
Resistance: $335.51 (24-hour high)
Support: $323.67
Trade Setup:
Long Entry: Around $334, targeting:
1. $340 (short-term resistance)
2. $350 (next major level)
Short Entry: If $AAVE fails to break above $335.51, consider:
1. $325 (retracement zone)
2. $310 (lower support)
Risk Management:
Stop-loss: $320 to minimize downside exposure.
Market Insight:
The breakout above $335.51 would confirm a continuation of the bullish trend, likely attracting more buyers. However, a failure to sustain above this level could result in a short-term pullback to retest support zones.
