P_S_trade

AAVE 12h It grows well, but correction is still needed

BINANCE:AAVEUSDT   AAVE / TetherUS
Our previous idea did not work as we would like.
The correction that was supposed to have failed, and the AAVEUSDT price immediately aggressively move to the level of $194, and only from there was a more or less correction to $150.
However, buyers' aggression did not allow the AAVEUSD price to stay there for a long time and fired a rocket upwards.
Perhaps, we missed some important news regarding the AAVE project, which makes such a desire only to buy? Write about it in the comments.

For 3 months the AAVEUSDT price has been moving upward in the channel. The parabolicity of the movement begins to gain a vertical character.
We assume that in the coming days, AAVEUSDT will rise maximum to $310-312, from where a good correction will be needed.
A fall by -30% to $215 would not be a bad growth correction to start with.

Shorts in a growing market are a very dangerous idea.
When trading on margin, you should always remember:
- longs have lower levels that you can focus and below zero the price cannot fall
- shorts have no upper level, and the combination of pump + margin calls and liquidation can drive the price very high.
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