Here’s a detailed and organic analysis for $AAVE based on the provided details:
Overview
Current Price: $301.00
Long Liquidation: $6,531.7 worth of liquidated at this price.
Market Sentiment: Long liquidation at this level shows selling pressure or weak buyer support.
What’s Next.
Buy Zone.
Look for potential entry in the range of $285 - $295.
This range may act as a support zone, offering a safer buying opportunity.
Target Levels.
1. Target 1: $310 – A quick profit for short-term traders.
2. Target 2: $325 – A medium-term target based on recent resistance.
3. Target 3: $350 – A long-term target if $AAVE gains strong bullish momentum.
Stop Loss.
Set a stop loss at $275 to protect your capital if the price breaks below the support zone.
Why These Levels.
1. Support Zone ($285 - $295): Historically, this zone has seen significant buyer interest.
2. Target Levels: These targets are based on Fibonacci retracement and previous resistance points.
3. Stop Loss ($275): Ensures you exit early if the price drops significantly.
Key Tips
Watch trading volume closely increased activity in the buy zone strengthens this setup.
Consider partial profit booking at each target to reduce risk.
Stay updated on market news or announcements about $AAVE as they can heavily influence price movements.
Would you like any further insights or help with tracking.
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