$AAVE /USDT has shown significant upward momentum

with a current price of $193.25, reflecting a 7.05% increase in the last 24 hours. The asset experienced a strong rebound from a low of $165.42, breaking above multiple resistance levels.

Key Levels:

Resistance Levels (Red):

$194.59 (24H High)

$200 (Psychological Level)

Support Levels (Green):

$185.35 (Immediate Support)

$174.66 (Previous Breakout Zone)

Indicators Summary:

RSI: Currently at 81.88, indicating overbought conditions. Traders should watch for potential corrections.

Volume: High volume at 445,013 AAVE, suggesting strong buying interest.

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Trading Signals:

Short-Term Trade (Scalping):

Entry: $193.00

Take-Profit Targets:

TP1: $196.00

TP2: $198.00

TP3: $200.00

Stop Loss: $190.00

Caution: Due to the RSI's overbought state, watch for pullbacks toward support levels before entering.

Long-Term Trade (Swing):

Entry: $185.50 (Retest of Support)

Take-Profit Targets:

TP1: $195.00

TP2: $205.00

TP3: $215.00

Stop Loss: $180.00

Observation: Wait for stability near the $185-$190 range before considering an entry for long trades.

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Key Notes:

Monitor the $194.59 level for a potential breakout; if volume remains high, it could push prices toward $200 and beyond.

A rejection near the resistance may lead to consolidation near $185.

Overbought RSI levels caution against overleveraging positions.

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