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Market View: $AAVE/USDT Sideways โ Bullish ๐
After a sharp dump into the 100โ105 demand zone, AAVE formed a strong bounce and is now consolidating above key Fib levels. Price is holding above short EMAs, building a base under resistance.
Entry Idea ๐ก: Buy dips around 112โ113 (EMA 20/50 + minor structure support).
Resistance Levels:
116โ118 (range high + supply zone). Break above 118 could open move toward 121โ125 (EMA 200 area).
Support Levels:
110โ112 (0.382โ0.5 Fib zone), then 107โ108 (0.618 support). Major demand sits near 100โ105.
Indicators:
RSI steady near 55โ60 โ mild bullish momentum. Short EMAs flattening and turning up; price still below EMA 200 (macro trend not fully bullish yet).
Action Plan:
Range trade: Buy near 112, target 116โ118
Breakout trade: Long above 118, stop below 113
Rejection at 118 โ expect pullback toward 110 zone.