๐ Current Market Status:
AAVE at support at $81.50 - $84.
๐ Chart Analysis:
Identified support zone.
๐ Longing Strategy:
30% Allocation: Take a spot long position with 30% of intended funds at $81.50 - $84 support.
30% at Breakout: Allocate another 30% once the price breaks through the resistance line.
Remaining 40% on Retest: Deploy the remaining 40% on a retest of the break of the resistance line.
โ๏ธ Risk Management:
Stop Loss: Just below $80.00.
Take Profit 1: Between $92.00 - $96.00.
Take Profit 2: Between $108.00 - $114.00.
๐ฃ Conclusion:
Tightly managed risk in a volatile market.
Gradual fund allocation based on key chart patterns.
Trade wisely! ๐๐ก #AAVE #TradingStrategy #CryptoMarket ๐๐
AAVE at support at $81.50 - $84.
๐ Chart Analysis:
Identified support zone.
๐ Longing Strategy:
30% Allocation: Take a spot long position with 30% of intended funds at $81.50 - $84 support.
30% at Breakout: Allocate another 30% once the price breaks through the resistance line.
Remaining 40% on Retest: Deploy the remaining 40% on a retest of the break of the resistance line.
โ๏ธ Risk Management:
Stop Loss: Just below $80.00.
Take Profit 1: Between $92.00 - $96.00.
Take Profit 2: Between $108.00 - $114.00.
๐ฃ Conclusion:
Tightly managed risk in a volatile market.
Gradual fund allocation based on key chart patterns.
Trade wisely! ๐๐ก #AAVE #TradingStrategy #CryptoMarket ๐๐