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Aavelong

AAVE cryptocurrency - LONG trade. #15Hello colleagues! We continue to publish our potential trades and today we have a potential short-term speculation. The AAVE cryptocurrency is holding up very well on the local drop in Bitcoin and the medium-term upward trend for AAVE is not over yet: As we can see on the 6-hour timeframe , the AAVE price has reached an important range from which a global correction may begin. But for now, we are interested in speculation on the 30-minute timeframe. The key liquid zone for the local growth of the AAVE price is the range of $62.25-62.75. If the AAVE price falls below this liquid zone, a lot of buyer stop orders that are hidden behind each local low may be triggered: If this happens, it will be logical to buy AAVE at $56-57 at the earliest. Therefore, our local trade will have a fairly short stop loss, which, in our opinion, is quite fair. AAVE short-term long Enter = $62.25-62.75 Stop = 61.792 (- 1.01%) TP1 = 64.10 (+2.71%) TP2 = 65.08 (+ 4.31%) P/L ratio = 4.26 P.S. We have also shown a potential short position on the chart. However, we do not place limit orders, as buyers can easily update local highs and only then start a correction: We need to watch and make a decision at the moment of the $65 retest. What do you think, will the trade work out? Write in the comments and we will check how many people were right!
by P_S_trade
22
AAVEUSDT: Wedge & Growth OpportunitiesAn excellent medium-term trading plan on AAVE. The prolonged downward correction in wave B seems to be over. At the moment the price has formed a strong upward impulse in the form of a wedge pattern for 1 wave. Locally, the price is correcting in the assumed wave B (in wave 2). I plan to open a short position at the completion of wave B in order to win back the decline in wave C (in wave 2); the profit-taking target is 75. At the completion of wave C (in wave 2), I will close the short position and open a long position, with the goal of taking profits at a minimum of $300. Good luck to you)
Short
by HurricaneCapital
5