📊 MARKET UPDATE & TRADE SETUP: $AAVE
$AAVE remains within a broader descending channel, but the recent price action is showing early signs of strength. After a sharp flush toward the $86 zone, price reacted strongly and rebounded back near $95, indicating real buyer interest rather than weak support.
Holding above the $94–$95 range is now key. As long as price sustains this level, the market can continue building momentum for a potential move toward the upper boundary of the channel. This would signal a short-term recovery within the larger downtrend.
However, if price fails to hold this zone and drops back below support, it would confirm that sellers are still in control and the bearish structure remains intact.
📌 Trade Setup Idea:
🔹 Bullish Scenario (Short-Term Bounce)
• Entry: $94–$96 zone (on confirmation/hold)
• Target: $102 → $108 (channel resistance area)
• Stop Loss: Below $90
🔹 Bearish Scenario (Breakdown)
• Entry: Breakdown below $94
• Target: $88 → $84
• Stop Loss: Above $98
⚠️ Wait for confirmation before entering — avoid chasing moves inside a channel structure.
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