After a sharp decline, AAVE/USD is showing signs of recovery, bouncing from the 250.00 support zone. If the price holds above 262.55, a further move upward is likely.
Technical Analysis:
• Key support: 250.00 – a level where buyers stepped in.
• First resistance: 275.00 – initial target upon breakout.
• Second resistance: 290.00 – next level to watch.
• Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
• Entry: After a breakout above 262.55
• Target 1: 275.00
• Target 2: 290.00
• Stop-loss: Below 250.00
The market remains volatile, so it’s important to monitor BTC price action and overall sentiment in the crypto sector.
Technical Analysis:
• Key support: 250.00 – a level where buyers stepped in.
• First resistance: 275.00 – initial target upon breakout.
• Second resistance: 290.00 – next level to watch.
• Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
• Entry: After a breakout above 262.55
• Target 1: 275.00
• Target 2: 290.00
• Stop-loss: Below 250.00
The market remains volatile, so it’s important to monitor BTC price action and overall sentiment in the crypto sector.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.