$AAVE Alert: Short Liquidation Hits $384.689 with $9.58K in Action!
The market just saw $9,578 in short positions liquidated, showing major volatility around $384.69. This type of event often signals a potential big move ahead! Let’s dive into the action and what could come next.
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What’s Next for $AAVE?
The liquidation shows that buyers are pushing back against the shorts. Here’s how you can prepare:
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Buy Zone
Keep an eye on dips toward $375 - $385. This range has shown strong buyer interest and could act as a great support area for entry.
Targets
1. $395 – The first key resistance level, ideal for partial profit-taking.
2. $410 – If momentum continues, this level could be the next stop.
3. $435 – A breakout above $410 may lead to this high-value target.
Stop-Loss
To protect against risks, set a stop-loss below $370. A break under this level could signal bearish momentum.
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Market Sentiment
Bullish Signals: Short liquidations often cause price spikes as buyers overwhelm sellers. If $AAVE stays above $385, we could see a strong upward push.
Bearish Risks: Sellers may defend $395-$400, so watch for a potential pullback at those levels.
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Pro Tips for Traders
1. Wait for Confirmation: Don’t jump in too early—watch for the price to hold the Buy Zone.
2. Risk Management: Keep your position size manageable and stick to your stop-loss.
3. Follow Volume: Increased buying volume near $384 could confirm a bullish breakout is coming.
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$AAVE could be gearing up for a massive move. Are you ready to catch the wave? Your next move matters!
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