Band is really compressing tightly and upwards looks like the direction of this corrective wave. Set fibonacci levels and take profits appropriately. highlighted is AAVE LEND. It has been the defi leader much like we used CHainilink to gauge the overall market strength earlier in the year. It shows us that there is still interest in this sector. However be aware that this looks like a classic bull trap before another sell off just SLIGHTLY lower. The market is continuing to mature but it is important to remember that it takes time to shift out of a macro corrective trend. We are not in bull market or bear market. We are somewhere in the mddle. Do not be scared to take profits. These markets are not going to just run away on you and will always give you another chance to enter.
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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.