$AAVE
Based on the daily chart of AAVE, the following is the point analysis and trend prediction:
Point Analysis
1. Support Level:
• First Support Level: $296 (MA25 daily line position)
• Second Support Level: $270 (lower level support)
2. Resistance Level:
• First Resistance Level: $335 (recent high)
• Second Resistance Level: $399 (previous high area)
Bullish and Bearish Direction Prediction
• Short-term Trend: The current price is $320.34, having rebroken the MA25 daily line, indicating a strengthening of bullish momentum in the short term.
• Bullish Signal: If it can break through $335 and maintain a steady upward trend, it is expected to test the resistance level of $399.
• Bearish Signal: If it falls below the support of $296, it may further test the low of $270.
Strategy Suggestions
Long Position
• Entry Point: Enter after stabilizing around $296.
• Take Profit Targets: $335, $399.
• Stop Loss Level: $290.
Short Position
• Entry Point: Enter after being resisted around $335.
• Take Profit Targets: $296, $270.
• Stop Loss Level: $340.
Summary
AAVE shows some short-term bullish recovery, but the resistance level at $335 is strong. It is recommended to operate in conjunction with key levels and closely monitor changes in trading volume to assess the validity of the breakout.