Today's AAVE trend is giving me chills.
I came across two messages this morning.
On one side is a suspected Ethena team's wallet, quietly moving nearly 20,000 AAVE (worth 2.68 million USD) to Binance and Bybit, clearly preparing to sell.
On the other side, AAVE founder Stani has splashed out 5.15 million USD, buying over 30,000 AAVE himself, currently down over 2 million.
A big player runs, a founder takes over, doesn't this script seem familiar?
The house cuts each other, players watch the show. But this time, I smell something different...
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Let's take another look at the technical aspects.
The hourly chart has completely deteriorated.
The MACD death cross is crossing below the zero line, and the yellow and white lines are steadily moving downwards, which is a typical signal of a trend change from bullish to bearish.
Although both RSI and MFI have entered the oversold zone, there may be a small rebound in the short term, but remember—
Rebounds in a downtrend are all opportunities for you to escape, not for chasing after gains!
Nanxi's stable advice for players (operational advice is only half; if you want to know specific points, find me):
In the short term, it will fluctuate between 154-195. Experienced traders can take small positions for a rebound, but remember: in and out quickly, don't get attached!
The upper pressure is at 195, and above that, 234 is strong resistance. As long as it reaches these two positions, it will be a good opportunity to short.
The initial support is at 154. If it breaks, 118 won't hold either, and ultimately the bottom of this phase of decline may be around 74.
If you are stuck or in a cash position, I recommend finding Nanxi to understand your situation and provide you with the most stable points and methods!
I know many people are asking: 'Nanxi, what should I do now that I'm stuck?'
Here's a real case: Old Li from my community heavily invested in AAVE at 180 last month and never set a stop loss.
I told him last night that he had to reduce his position near 154, but he didn't listen. This morning, when it dropped below 150, he asked me if he could add to his position.
I said, 'The trend has broken, adding to your position is like giving away money.'
Trading is not about stubbornness. If the trend is wrong, withdraw immediately. Preserving your capital is the first lesson to survive.
Tonight is crucial. If it breaks below 154, the lower space will be opened.
But I have a vague feeling that the big players might be brewing a 'pin bar rebound', luring in buyers before a further drop.
Which specific position will rebound? Which position has truly broken down?
I will interpret it for my fans in the village as soon as possible, to set up for the next opportunity. If you don't want to be the one getting cut, find Nanxi. Nanxi will be laying traps for 10 times the returns every day! Come to the village and take it away!
