Univers Of Signals | AAVE : a DeFi project currently Let's take a general look at AAVE, a DeFi project currently with a market cap of $3.52 billion, ranked 32nd in coin market cap.
🔍 In the 4-hour timeframe, as you can see, there's a range box between $231 and $278, and the price has been oscillating within this box for about three weeks now.
📉 Presently, the price has hit a lower high compared to the $278 ceiling and has reached the $231 floor. Given the suitable bearish momentum, if the $231 level breaks, you could enter a short position. A break below 34.50 in the RSI would be a good confirmation for this move.
📈 On the flip side, if the price bounces back from the $231 floor and moves towards the $278 ceiling, breaking this level could provide a good opportunity to open a long-term long position. A risky long position could also be considered if the $251 level is breached, but be aware that it would carry significant risk.
