# $AAVE /USDT TECHNICAL ANALYSIS ๐๐
CURRENT MARKET CONDITION:
- Current Price: $382.22
- 24h Change: +15.15%
- 24h High: $390.15
- 24h Low: $318.89
- Support Levels: $370.00, $360.00
- Resistance Levels: $390.00, $400.00
TRADE SETUP:
- Long Entry: $382.50
- Target Price (TP): $400.00
- Stop Loss (SL): $370.00
- Explanation: The price is currently consolidating near the support level of $380.00. A breakout above $382.50 could lead to a bullish run towards the next resistance at $400.00.
- Short Entry: $380.00
- Target Price (TP): $360.00
- Stop Loss (SL): $390.00
- Explanation: If the price fails to hold above $380.00, it could indicate a bearish trend towards the lower support level of $360.00.
RISK MANAGEMENT & INDICATORS:
- Risk Management: Use a 2% risk per trade to manage potential losses.
- Volume Indicator: 24h Vol(AAVE): 609,897.89, 24h Vol(USDT): 215.52M
SUMMARY:
The chart shows a potential bullish breakout if the price sustains above $382.50. However, a drop below $380.00 could signal a bearish trend. Use proper risk management and monitor volume for confirmation.
Happy trading! ๐๐