$AAVE has just experienced a significant long liquidation of $59.4K at $155.06, signaling a sharp pullback and a shift in market sentiment.
This liquidation underscores the pressure on long positions as AAVE faces downward momentum, contributing to the current decline.
With such a large liquidation, $AAVE may experience further volatility, potentially triggering more long liquidations and amplifying the downward move.
AAVE is under strain in the short term, and traders should remain cautious while monitoring for signs of a potential reversal or continued weakness.
Keep a close watch on $AAVE as it navigates through this correction.