Current Situation:
Price Level: AAVE is testing the top of the range area of support around $100, providing a potential entry point for a long trade.
Trade Strategy:
Entry Point: Enter a long position at the current support level of $100.
Take Profit Targets:
First Target: $107 - $115
Second Target: $132 - $142
Stop Loss: Set just below $93 to manage risk.
Summary:
AAVE is at a critical support level of $100, making it a good opportunity for a long trade. The take profit targets are set at $107 - $115 and $132 - $142, with a stop loss just below $93 to protect against potential downside.
Price Level: AAVE is testing the top of the range area of support around $100, providing a potential entry point for a long trade.
Trade Strategy:
Entry Point: Enter a long position at the current support level of $100.
Take Profit Targets:
First Target: $107 - $115
Second Target: $132 - $142
Stop Loss: Set just below $93 to manage risk.
Summary:
AAVE is at a critical support level of $100, making it a good opportunity for a long trade. The take profit targets are set at $107 - $115 and $132 - $142, with a stop loss just below $93 to protect against potential downside.
