🧐 Short $AAVE /USDT (15P) - Strong selling opportunity following momentum
Entry Point: $198 - $199, confirmation candlestick pattern for a bearish reversal (such as Pin Bar, Bearish Engulfing)
Stop-Loss (SL): $200.60
Take-Profit Target 1 (TP1): $194
Take-Profit Target 2 (TP2): $190
📊 Overall Context
Trend: After a period of sideways movement or slight decline, the price of $AAVE has surged strongly, rising from around $184 to a peak of $206.36
EMA 18 (blue line) has crossed below EMA 70 (red line) in the recent correction area. This indicates that short-term momentum is shifting to a downtrend
Volume: Trading volume surged during the strong price increase, then gradually decreased during the correction, a sign that the market is "breathing" after the rally
📉 Because short-term momentum is decreasing and the price is below the EMAs, the safer and more likely winning strategy at this time is to short at nearby resistance levels
Key Resistance Zone: Around $198.00 - $200.00. This is the area where the price has previously reacted strongly and where the EMAs intersect #BinanceFutureTrading