#AAVE eyeing for something which needs to be seen

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AS MENTIONED, I am going to hold till 258 and additionally increase holdings till from 185 to 175, positional and would wait for weekly res of 258

٢ ديسمبر ٢٠٢٤

ملاحظة

AAVE is currently displaying a strong bullish structure, supported by key TPO and volume profile levels, making it an ideal candidate for a long positional trade. Let’s break down the analysis: The above was done purely on PA.

Key Observations:

1. Volume & POC (Point of Control):
• The POC at $212.36 is being tested as a support level, indicating strong buyer activity in this zone.
• Previous POCs below ($205.88 and $203.56) have acted as solid base levels for accumulation.
2. TPO Structure:
• Buy Tails: Notable buy tails around $195–$197 and $208 signal strong buyer interest at these levels, reducing the likelihood of a deep retrace unless broader market conditions change.
• Selling Tails: Minimal sell-side pressure above $216, suggesting upward momentum can continue.
3. Support & Resistance Zones:
• Immediate support lies at $211.55, aligning with the IBL and VWAP.
• Resistance is seen near $218, where sellers might attempt to cap the move.
4. EMA Support:
• Price is trending above key EMAs, reinforcing the bullish outlook. Any pullback to the $208 zone would be a great opportunity to re-enter or add to positions.
5. Volume Gaps:
• Noticeable low-volume areas between $208–$212, which may act as zones for price to consolidate before another leg up.

Trade Setup:

• Long Entry Zones:
• Ideal entry: $208–$210 (retest of support and buy tail area).
• Aggressive entry: $212–$213 (current levels above POC).
• Targets:
• First Target (T1): $218 (next resistance cluster).
• Second Target (T2): $225 (breakout level above selling tail).
• Extended Target (T3): $230+ (potential stretch based on bullish continuation).
• Stop Loss:
• Place below $205, ensuring protection against invalidation of the current structure.
SO its basically for those who want to scalp or just day trade.

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تم فتح الصفقة

AAVE on FIRE!