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$AAVE at a key juncture around $95.60
Been watching $AAVE closely today. It's really hugging that $95.60 mark, which has acted as decent support over the past few days on the lower timeframes. It bounced nicely off it yesterday, but the retest today looks a little less convincing to me.
My take is that if it decisively breaks and holds below $95.50 on a 15-minute close, we could see a quick move down towards $94. If it can hold this level and push above $96.00, then the path to $97 seems more open. Just my two cents, always could be wrong and it'll do its own thing.
1 comments · 1 points
I'm not sure $95.60 is as significant as you think; it's bounced there, sure, but the volume on those bounces has been pretty weak, suggesting there isn't strong buying conviction at that level.