$AAVE
SIGNAL OF RELEASE: Bullish Momentum Strengthens...
$AAVE is currently trading at $334.64, up 12.18%, after recovering from a low of $291.02. A strong rally has pushed AAVE close to its 24-hour high of $335.51, indicating robust upward momentum.
Key Levels to Watch
Resistance: $335.51 (24-hour high)
Support: $323.67
Trading 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 (correction zone)
2. $310 (lower support)
Risk Management:
Stop-loss: $320 to minimize risk.
Market Analysis:
A breakout above $335.51 will confirm the continuation of the bullish trend, likely attracting more buyers. However, if it fails to hold above this level, it could lead to a short-term pullback to retest support zones.