Thrilling Market Update: $AAVE Liquidated Short at $72.1K – Price Hits $334.61
$AAVE just saw a massive short liquidation of $72.1K at the key price level of $334.61. This indicates significant market movement, and traders should prepare for the next potential breakout or pullback.
Key Levels to Watch:
Support: $325 - This level has previously acted as a strong base for buyers. If the price approaches this zone, it could present a good buying opportunity for a bounce.
Resistance: $345 - A break above this level could signal bullish momentum and lead to a further upside move.
What’s Next?
Bullish Scenario: If maintains strength above $334.61 and breaks through $345, consider a buy with a target of $360.
Bearish Scenario: If the price fails to hold above $334.61 and moves below $325, consider a sell for a short-term target of $310.
Suggestion:
Monitor volume closely. High volume on a breakout above $345 is a good confirmation for a buy.
Trade carefully, and stay updated for the next big move!
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