AAVEUSDT → A false breakdown provokes a change of character

3 Jun

AAVEUSDT.P maintains a bullish market structure. The coin is consolidating, with bulls trying to hold their ground above the key support line.



Against the backdrop of a correction, the price is testing liquidity, with a false breakdown of support provoking a change in character to bullish within the local timeframe. Bulls are trying to maintain the bullish structure.
The price is breaking through the resistance of local consolidation, forming a change in character, but before growth, the market may close the gestalt in the form of an order block or liquidity located in the 249.5 zone.

Support levels: 249.11, 240.0
Resistance levels: 274.27, 280.47

Technically, the coin looks quite good and promising overall. If the bulls hold their ground in the 249-250 zone, then in the short to medium term, we could see good movement with the possibility of new highs...

Best regards, R. Linda!

3 Jun

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