Current Structure:
AAVE recently rejected from 1M S/R at $332.54 and pulled back into a confluence support zone—overlapping 1W order block (OB), 1D OB, and previous resistance now flipped support ($277–$290 zone, marked blue).
Buy Zone:
Watching the blue box area for bullish reversal triggers. This is a high-probability demand zone due to multiple timeframe confluence.
Trigger:
Wait for a bullish reaction/candle confirmation inside the blue zone. Ideal scenario: bullish engulfing, sweep of the low and reclaim, or a strong bounce with rising volume.
Targets:
Primary upside target: retest of the 1M S/R at $332, then continuation toward $400 if momentum sustains.
Invalidation:
If price closes below the 1D OB ($274.84), long setup is invalidated—risk of further downside increases.
AAVE is testing a major support confluence zone, combining weekly and daily order blocks. This area previously acted as resistance and now presents a strong demand zone. If bulls defend this zone and trigger a reversal, there’s a clear runway back to previous highs and potentially $400. This setup offers a favorable risk/reward profile with tight invalidation.
AAVE recently rejected from 1M S/R at $332.54 and pulled back into a confluence support zone—overlapping 1W order block (OB), 1D OB, and previous resistance now flipped support ($277–$290 zone, marked blue).
Buy Zone:
Watching the blue box area for bullish reversal triggers. This is a high-probability demand zone due to multiple timeframe confluence.
Trigger:
Wait for a bullish reaction/candle confirmation inside the blue zone. Ideal scenario: bullish engulfing, sweep of the low and reclaim, or a strong bounce with rising volume.
Targets:
Primary upside target: retest of the 1M S/R at $332, then continuation toward $400 if momentum sustains.
Invalidation:
If price closes below the 1D OB ($274.84), long setup is invalidated—risk of further downside increases.
AAVE is testing a major support confluence zone, combining weekly and daily order blocks. This area previously acted as resistance and now presents a strong demand zone. If bulls defend this zone and trigger a reversal, there’s a clear runway back to previous highs and potentially $400. This setup offers a favorable risk/reward profile with tight invalidation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.