Aave(AAVE): Reached The Resistance

AAVEUSDT Perpetual Contract (BYBIT:AAVEUSDT.P)

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BYBIT:AAVEUSDT.P AAVEUSDT Perpetual Contract

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After last time where we caught 18% of movement, the price of AAVE is now showing some strength where it is attempting to breakout from the upper resistance zone!!

As we are near this crucial zone, we are waiting for a clear sign of a breakout or rejection to happen from where we will be trading accordingly!!

We have displayed two possible positions that can be taken!!

Swallow Team

Commentaire:

After nice rejection from upper resistance, we are left with one possible scenario now (which most likely will happen as well)

We are looking here for a nice breakdown of the trend after multiple sharp rejections from the upper resistance, which shows that the price is not yet ready to give this zone away! - Waiting

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