$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!