#AAVE #DEFI - SWING LONG (Closed inside golden pocket) 32% Move
#AAVEUSDT #DEFI
Daily Time Frame -
Set up - Falling Wedge Inside Golden pocket
Entry - $370.97
Stop loss - $336
Leverage - 10 x
Exit - Target 1 $441, Target 2 $493
ROI - 32% on spot
We can see on the Daily Time Frame, Aave Bulls have pushed to close inside the 0.38% Fib, while also retesting the falling wedge set up.
Aave should now attempt to push to the 0.618% Fib + Upper order block resistances.
There will be other resistances along the way up, but these are the main resistances we are targeting.
Once we reach the upper order block resistances, i will be looking for a flip into support before re entering longs if further upside is coming.
Daily Time Frame -
Set up - Falling Wedge Inside Golden pocket
Entry - $370.97
Stop loss - $336
Leverage - 10 x
Exit - Target 1 $441, Target 2 $493
ROI - 32% on spot
We can see on the Daily Time Frame, Aave Bulls have pushed to close inside the 0.38% Fib, while also retesting the falling wedge set up.
Aave should now attempt to push to the 0.618% Fib + Upper order block resistances.
There will be other resistances along the way up, but these are the main resistances we are targeting.
Once we reach the upper order block resistances, i will be looking for a flip into support before re entering longs if further upside is coming.
Trade active
Target 1 approaching les goTrade active
Target 1 hit, onto target 2
420Fam
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
420Fam
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.