π Current Market Status:
AAVE at support at $81.50 - $84.
π Chart Analysis:
Identified support zone.
π 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.
βοΈ Risk Management:
Stop Loss: Just below $80.00.
Take Profit 1: Between $92.00 - $96.00.
Take Profit 2: Between $108.00 - $114.00.
π£ Conclusion:
Tightly managed risk in a volatile market.
Gradual fund allocation based on key chart patterns.
Trade wisely! ππ‘ #AAVE #TradingStrategy #CryptoMarket ππ
AAVE at support at $81.50 - $84.
π Chart Analysis:
Identified support zone.
π 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.
βοΈ Risk Management:
Stop Loss: Just below $80.00.
Take Profit 1: Between $92.00 - $96.00.
Take Profit 2: Between $108.00 - $114.00.
π£ Conclusion:
Tightly managed risk in a volatile market.
Gradual fund allocation based on key chart patterns.
Trade wisely! ππ‘ #AAVE #TradingStrategy #CryptoMarket ππ