# $AAVE /USDT TECHNICAL ANALYSIS š
**Current Market Condition:**
The current price of $AAVE/USDT is $338.63, showing a 10.20% increase. The price is moving within an ascending channel, indicating a bullish trend. The 24-hour high is $339.83, and the 24-hour low is $294.35.
**Support and Resistance Levels:**
- **Support:** $330.00
- **Resistance:** $350.00
**Trade Setup:**
- **Long Entry:** Enter at $340.00 after a breakout above the resistance level.
- **Target Price (TP):** $360.00
- **Stop Loss (SL):** $330.00
- **Short Entry:** Enter at $330.00 if the price breaks below the support level.
- **Target Price (TP):** $310.00
- **Stop Loss (SL):** $340.00
**Risk Management:**
- Use a risk-reward ratio of 1:2 to manage trades effectively.
- Allocate only 1-2% of the trading capital per trade to minimize risk.
**Volume Indicator:**
- The 24-hour volume for AAVE is 463,384.11, and for USDT, it is 147.58M, indicating strong trading activity.
**RSI Indicator:**
- The RSI is not shown in the image, but monitoring it for overbought or oversold conditions is recommended.
š Happy Trading! š