$AAVE Long Liquidation Alert!

Liquidation Amount: $34,908

Price Level: $344.263

A significant long liquidation at $344.263 signals intense selling pressure at this level. Bears are taking control, and the market might see more volatility ahead.

Key Market Insights

1. Resistance Zone: $344-$350 now acts as a strong resistance. Bulls must reclaim this area for any recovery.

2. Support Levels: Key support lies at $330-$335. If this zone breaks, $AAVE could drop further to $320.

3. Sentiment: Bearish in the short term as liquidation shows weakened bullish momentum.

Suggested Strategy

For Short-Term Traders:

Scenario A:

If AAVE fails to break above $344, consider shorting.

Entry: $342-$344

Target: $330-$335

Stop-Loss: Above $350

Scenario B:

If $AAVE reclaims $344 with strong volume, look for a breakout.

Entry: $345-$346

Target: $355-$360

Stop-Loss: Below $340

For Long-Term Investors:

Accumulate gradually near $320-$325 for potential long-term gains, ensuring proper risk management.

Pro Tip

1. Watch Volume: Strong buying volume could signal a recovery. Weak volume may confirm continued downside.

2. Stay Disciplined: Always use stop-loss to protect your capital.

3. Market Sentiment: Monitor overall crypto trends as AAVE often correlates with the broader market.

Patience is key—wait for confirmations before entering any trade!

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