AAVE/USDT: Is the market ready for a break above resistance?
AAVE/USDT on the hourly chart has risen to the key level of 204.25 USDT, sitting just below significant resistance at 207.16. The market looks tense — movement could accelerate in either direction.
🚨Indicators (briefly):
RSI(14): 68.15 — almost overbought, a pause is possible.
MACD: positive dynamics, momentum in favor of bulls.
Stochastic: 90.48 — strong overbought conditions.
Trading Plan (main scenario — long on breakout):
🎯 Targets:
210 USDT (+2.6%)
215 USDT (+5.3%)
220 USDT (+7.7%)
📌 Entry:
Conservatively: after a confident breakout at 207.16 USDT.
Aggressively: from the current level of 204.25 USDT on a pullback and confirmation of support.
🛡 Stop-loss:
— 199 USDT, below the local minimum and risk zone.
📌Conclusion:
AAVE is at a decisive mark. A breakout at 207.16 will open the way for a confident rise, while a pullback below may lead to a local correction. Watch for price reaction at resistance and RSI/Stoch dynamics — movement is already close.
Spot trading 👉$AAVE
Futures 👇
