$AAVE 🔴Bearish Breakdown Structure
Entry Zone:111.50 – 113.50 (Short)
Targets
TP1: 108.90
TP2: 105.00
TP3: 102.50
Stop-Loss:116.50
Analysis
$AAVE has shown a significant rejection from the 115.21 resistance level, printing a series of lower highs and lower lows. The current price action indicates a breakdown below the local consolidation zone, with strong red candles suggesting that sellers are dominating the 1-hour timeframe.
The volume profile shows increased selling pressure as the price approached the 108.95 low, followed by a weak "dead cat bounce" that is currently struggling to regain bullish momentum. The MA(5) and MA(10) are trending downward, acting as dynamic resistance for any recovery attempts.
Outlook
As long as the price remains below the 115.20 supply zone, the bearish structure remains intact. A sustained rejection at the current levels (110.66) will likely lead to a retest of the 108.95 support. A clean break below this support will trigger a deeper correction toward the 105.00 psychological level. The setup is invalidated if AAVE closes a 4-hour candle above 116.50.
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