$AAVE $AAVE /USDT Analysis

Current Price: $145.83

24h High: $158.28

24h Low: $145.67

Price Change: -7.42%

Technical Analysis

Resistance Levels:

1. Immediate Resistance: $158.32 (recent high)

2. Secondary Resistance: $165.31 (previous swing high)

3. Long-Term Resistance: $183.18 (notable previous resistance)

Support Levels:

1. Immediate Support: $145.67 (recent low)

2. Secondary Support: $132.00 (previous support level)

3. Long-Term Support: $129.56 (stronger support zone)

Trading Strategy

Entry Level:

Buy Entry: Consider entering a long position around $146.00 if it shows signs of reversal and volume picks up.

Stop Loss:

Set a stop loss around $142.00 to limit potential losses, ensuring you exit if the price breaks below recent support levels.

Target Levels:

First target at $158.00, aligning with immediate resistance.

Second target at $165.00, providing a further profit opportunity if bullish momentum continues.

Summary

Monitor the price closely around $146.00 for entry signals.

Use a stop loss to protect against downside risks.

Target gains at the key resistance levels of $158.00 and $165.00 for potential exits.

Always ensure you assess market conditions and adjust your strategy accordingly.#BinanceBlockchainWeek #USJobOpeningsDip #CryptoPreUSElection #EthereumPectraUpgrade #Write2Earn!