Long

$AAVE/USDT 3D (#BinanceFutures) Falling wedges on support

Updated

Aave is looking bottomed here on High Time-Frame (HTF) and is very likely to bounce back on historical demand zone.

Current Price= 132.77
Buy Entry= 131.50 - 117.30
Take Profit= 169.60 | 220.18 | 275.84
Stop Loss= 93.45

Risk/Reward= 1:1.46 | 1:3.09 | 1:4.89
Expected Profit= +36.33% | +76.99% | +121.74%
Possible Loss= -24.88%

Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 6 months

Tags: #AAVE #AAVEUSDT #Yield #Farming #Lending #Governance #DAO #DeFi #BSC #SolEco

Website: aave.com/

Contracts:
#ERC20 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
#BEP20 0xfb6115445bff7b52feb98650c87f44907e58f802
#AVAXC 0x8ce2dee54bb9921a2ae0a63dbb2df8ed88b91dd9
#SPL 3vAs4D1WE6Na4tCgt4BApgFfENbm8WY7q4cSPD1yM4Cg
#Fantom 0x6a07A792ab2965C72a5B8088d3a069A7aC3a993B
#Polygon 0xd6df932a45c0f255f85145f286ea0b292b21c90b

Trade active

First entry filled

Aave bounced back as expected so far with up to +9.03% (1x) since called, nice start!

Trade active

Second and third entries filled

Aave went for deeper retest of the "do or die" support, let's hope it does not break down! 🤞🏼

Note

Up to +19.31% (1x)

Aave bounced back quite accurately and finally broke-out of the wedge, continuation seems likely!
We adjusted targets (check chart) to make them more reachable, and stop as well to keep a good RR.

Trade closed: target reached

TP2 reached with +54.78% (1x) and +2.73R

Aave continued upwards and hit upper-line of the biggest descending wedge!
Just got rejected on 50MA resistance, SL adjusted to highest entry (131.50) now.

Trade closed: target reached

TP3 reached with +79.24% (1x) and +3.95R

Aave pushed higher and went retesting 100EMA resistance, what a recovery, glad we caught the bottom of it!
Trade is fully closed now, last target was originally 275.84 if you want to keep a tiny bag towards it, but we are out.

TradingOn

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