$AAVE Breakout Alert: Bullish Momentum Strengthens 🚀
$AAVE is currently trading at $334.64, up 12.18%, after bouncing back from a low of $291.02. This strong rally has brought $AAVE near its 24-hour high of $335.51, indicating solid upward momentum.
Key Levels to Monitor:
Resistance: $335.51 (24-hour high)
Support: $323.67
Trade Opportunities:
Long Position: Enter near $334, targeting:
1. $340 (short-term resistance)
2. $350 (next major level)
Short Position: If AAVE struggles to break $335.51, consider:
1. $325 (retracement zone)
2. $310 (lower support)
Risk Management:
Use a stop-loss at $320 to limit potential losses.
Market Outlook:
A breakout above $335.51 would confirm the continuation of the bullish trend, potentially drawing in more buyers. However, if AAVE fails to sustain above this level, a short-term pullback toward key support zones is likely.