AAVEUSDT Short trade setup
Updated
Aave is currently in a bullish channel.
So after seeing a correction, I tried to catch the second leg on 50% percent pull back, there for my entry was at 86.8
My SL was 51% from first leg ehich was 86.93 as it would decline this idea in case of doing more.
I did this setup as I was expecting for a 50% pull back on BTC as well which we are heading too.
So based on MM of pullback, my target is around 81.5 which is also a retest of down trend on channel.
This a very good example of 50% pullbacks on price action strategy.
Lets see
So after seeing a correction, I tried to catch the second leg on 50% percent pull back, there for my entry was at 86.8
My SL was 51% from first leg ehich was 86.93 as it would decline this idea in case of doing more.
I did this setup as I was expecting for a 50% pull back on BTC as well which we are heading too.
So based on MM of pullback, my target is around 81.5 which is also a retest of down trend on channel.
This a very good example of 50% pullbacks on price action strategy.
Lets see
Trade closed: stop reached
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