๐ AAVE/USDT Analysis: Key Insights
1. Support and Resistance Levels:
Support: AAVE has strong support around $93.14 USDT. Buyers tend to step in at this level, preventing further downside.
Resistance: The immediate resistance lies near $100.01 USDT. A breakout above this level could signal bullish momentum.
2. Entry Strategy:
Buy Entry: Consider entering long positions if AAVE breaks above $100.01 USDT with conviction. Confirm with volume surge and positive indicators (e.g., RSI, MACD).
Stop Loss: Set a stop loss below $93.14 USDT to manage risk.
3. Current and Previous Values:
Current Price: AAVE is trading at $97.03 USDT.
Previous High: Recently, it touched $100.01 USDT.
Previous Low: The recent dip was to $93.14 USDT.
Remember to conduct your own due diligence and adapt your strategy based on market conditions. Happy trading! ๐๐ก
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