🚨$AAVE /USDT Analysis:🚨
📊AAVE/USDT has been on a strong upward trajectory, with the price surging over the past few days. The recent breakout above the 100.00 level confirms the bullish momentum. However, the rapid ascent has also resulted in overbought conditions, suggesting a potential short-term correction.
Long Entry:
🎯 Target: 106.00
🛑 Stop-Loss: 102.00
📈 Consider a long position near the current price (around 102.74) with a stop-loss below the recent support level at 102.00. The upside potential is towards the next resistance level at 106.00.
Short Entry:
🎯 Target: 100.00
🛑 Stop-Loss: 104.00
📉 A short position can be initiated if the price retraces to the 104.00 level, where it may find resistance. The target for this short position is the 100.00 level, with a stop-loss placed above the recent high at 104.00.
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