🔥 $AAVE /USDT Short Setup Analysis
AAVE is currently showing signs of short-term weakness after rejection from resistance. The price attempted to push higher but faced selling pressure around the $98.30 zone, which is acting as a strong resistance level.
📊 Market Structure Insight
The recent price movement shows a lower high formation, indicating potential bearish continuation if the resistance holds. Sellers are stepping in near the supply zone.
📉 Trade Setup
• Entry Zone: $97.80 – $98.00
• Stop Loss: $98.30
• Target: $96.60
💡 Technical Signals
• Resistance rejection near $98.30
• RSI around 46 showing weak momentum
• Short-term structure turning bearish
⚠️ Risk Management
Always manage your risk. If price breaks above $98.30, the bearish setup becomes invalid.
📌 Trading Plan
If the price continues to reject from resistance, we could see a liquidity sweep toward the $96.60 support area.
🚀 Conclusion
Short-term bias remains bearish unless price reclaims $98.30.
Follow for more daily trade setups.
— FXChartZone™
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