$AAVE $AAVE $AAVE

AAVE/USDT Analysis: A Bullish Rally in Progress

The AAVE/USDT chart shows a strong bullish momentum. Here's the breakdown:

Support & Resistance:

* Immediate support: 129.18

* Current resistance: 161.40

Entry Strategy:

A conservative entry strategy would be to wait for a slight pullback to the 129.18 support level before buying. However, given the strong upward trend, a direct entry at the current price could also be considered for aggressive traders.

Indicators:

* MACD: Bullish crossover, indicating a strong uptrend.

* RSI: Overbought, suggesting a potential short-term correction. However, the overall trend remains bullish.

Disclaimer: This is not financial advice. Do your own research.

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