🔴 $AAVE ETH 15m

Price remains in a short term downtrend. Market structure shows lower highs and lower lows, with price trading below EMA 99, which is sloping down and acting as strong dynamic resistance. The recent sharp bounce from 0.05045 is corrective and rejected near EMA 25, no structure break yet.

Key levels

Support 0.05045

Resistance 0.05250, then 0.05350

Momentum

Weak recovery, buying pressure is short lived and selling resumes near resistance.

Scenario

As long as price stays below EMA 99 and fails to hold above 0.05250, downside continuation is favored. A loss of 0.05045 can extend the move lower. Only a sustained reclaim above 0.05350 would shift short term bias.

Setup

Entry 0.05220 to 0.05250

TP 0.05045, 0.04980

SL 0.05360