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$AAVE 4H Breakout Setup
The current price of
$AAVE is testing the resistance level near the 50-period EMA (orange), which has historically acted as a big barrier, and a breakout above this level could be supported by the Anchored VWAP (blue dotted) indicating a potential shift in market sentiment. As I am making a position in it
Entry: 74.075850
Stop Loss: 71.389779 (-3.63%)
Take Profit Targets: 75.150278 / 76.224707 / 77.299135 / 78.373564 / 79.447992
How are you positioning for this move?
#AAVE #TradingRationale Disclaimer: Please manage your risk and do your own research.