AAVE's current trend is quite interesting. Looking at the chart, the price is clearly in a downward channel, and the bearish pressure is quite evident. However, in recent days, there have been some signs of a small rebound, giving a sense of a breather.
From a technical perspective, if a rebound occurs, $159 is a relatively reasonable target. But here’s the question — why should we act during the rebound? Can this rebound truly reverse the situation? Or is it just a minor interruption in the downward trend?
From a defensive standpoint, setting a stop-loss around $151 is more prudent. If the price breaks below this level, it indicates that the rebound has completely failed, and the downtrend will continue. So, the key is to see how far this rebound can go and whether it can hold above $159. Otherwise, there’s still quite a bit of room to the downside.
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liquiditea_sipper
· 23h ago
159 this critical level is really heartbreaking, it feels like the rebound is just a fleeting glimpse of light
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151 if broken, it will explode directly. Can this really reverse this time or is it just another scam?
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It's the same rebound routine again, I've been fooled several times already haha
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Why do I always like to buy in during rebounds? Let's wait and see when it drops
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The bears are so fierce, 159 probably won't be reached
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The feeling of catching a breath... sounds just like a fleeting glimpse of light, I really can't say if this rebound is reliable
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GasFeeCryer
· 23h ago
Another rebound trap, always using this routine to deceive people
Can 159 really hold? I doubt it
Once 151 breaks, just go all in, no hesitation
Feels like this wave is just the big players accumulating, and we retail investors are still hesitating
With such fierce bears, a rebound is a good opportunity to run away
Stop-loss money is better off being used to go all in on short positions
Can't get past that 159 hurdle, keep probing lower
Did anyone sell at 159? Let’s hear it
This rebound is just a fleeting reflection
Breaking 151 will lead to liquidation, too dangerous
Rebound? I think it’s a fake, continue to look downward
View OriginalReply0
MetadataExplorer
· 23h ago
If 151 can't hold, then this rebound is pointless, really.
AAVE's current trend is quite interesting. Looking at the chart, the price is clearly in a downward channel, and the bearish pressure is quite evident. However, in recent days, there have been some signs of a small rebound, giving a sense of a breather.
From a technical perspective, if a rebound occurs, $159 is a relatively reasonable target. But here’s the question — why should we act during the rebound? Can this rebound truly reverse the situation? Or is it just a minor interruption in the downward trend?
From a defensive standpoint, setting a stop-loss around $151 is more prudent. If the price breaks below this level, it indicates that the rebound has completely failed, and the downtrend will continue. So, the key is to see how far this rebound can go and whether it can hold above $159. Otherwise, there’s still quite a bit of room to the downside.