The $AAVE /USDT 15-minute chart displays a robust upward movement with a current trading price of 187.19, marking a substantial 29.30% increase.
The 24-hour high is 187.53, while the low is 144.38, demonstrating strong bullish momentum.
The RSI stands at 78.49, indicating that the asset is in an overbought zone, which warrants cautious optimism.Key resistance is identified at 187.53. If the price breaks above this level, further bullish continuation can be expected.
The immediate support level to observe is at 179.90, serving as a potential fallback if the price faces a pullback. Traders looking to enter may consider doing so at the current price level of 187.19, with profit targets set at 188.50 for TP1, 190.00 for TP2, and 192.00 for TP3 to capture gains incrementally.
To protect against downside risk, a stop-loss should be placed at 178.00 to safeguard the trade against any sudden trend reversals. This strategy aligns with capturing continued momentum while maintaining a disciplined risk-to-reward balance.
