đ LONG SIGNAL: AAVE/USDT
The AAVE/USDT pair on the 1H timeframe has just experienced a sharp liquidating wick down to the $114.34 support zone, followed by an immediate bullish rejection. This looks like a classic "stop run" before a potential trend reversal or relief rally.
đ Technical Setup
Action: BUY / LONG
Entry Zone: $116.50 â $117.80
Take Profit 1: $120.00 (Short-term resistance)
Take Profit 2: $123.50 (Gap fill)
Take Profit 3: $126.57 (Previous local high/Major TP)
Stop Loss: $114.00 (Just below the recent wick low)
đĄ Why this trade?
Bullish Rejection: The price hit a significant support level and bounced quickly, creating a long lower wick. This indicates buyers are stepping in aggressively at these levels.
Oversold Bounce: After a ~6% drop, the RSI is likely approaching oversold territory on shorter timeframes, suggesting a "dead cat bounce" or a full recovery is due.
Risk/Reward: By placing the stop loss just below the recent swing low, we maintain a very healthy risk-to-reward ratio (approx. 1:3).
â ïž Risk Disclaimer: Crypto trading involves high risk. This signal is for educational purposes and reflects the current chart pattern. Always use proper risk management and never risk more than 1-2% of your capital on a single trade.
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