🚨 $AAVE /USDT is approaching critical levels — bullish momentum is building! 🚨
$AAVE /USDT is trading at $353.41, up 4.01% today. The pair is nearing its 24-hour high of $357.56, indicating potential breakout if bullish momentum persists.
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Key levels to watch
Resistance:
$357.50 — immediate resistance; a breakout above this level could trigger a move to higher levels.
$365.00 — critical resistance zone for sustained bullish momentum.
Support:
$346.80 — key support; holding this level is vital for bulls to maintain control.
$340.00 — strong support zone; a breakout below may signal bearish pressure.
Trading setup
Entry for long position: above $357.60
Targets:
1. $365.00
2. $375.00
Stop-loss: below $350.00
Entry for short position: below $346.80
Targets:
1. $340.00
2. $332.00
Stop-loss: above $350.00
Market overview
With an RSI of 66.94, AAVE is approaching overbought territory, indicating strong buying interest, but a possible pullback if resistance holds. MACD is turning bullish, supporting the upward movement.