#AAVE eyeing for something which needs to be seen

Dec 2, 2024

AS MENTIONED, I am going to hold till 258 and additionally increase holdings till from 185 to 175, positional and would wait for weekly res of 258

Dec 2, 2024

Note

AAVE is currently displaying a strong bullish structure, supported by key TPO and volume profile levels, making it an ideal candidate for a long positional trade. Let’s break down the analysis: The above was done purely on PA.

Key Observations:

1. Volume & POC (Point of Control):
• The POC at $212.36 is being tested as a support level, indicating strong buyer activity in this zone.
• Previous POCs below ($205.88 and $203.56) have acted as solid base levels for accumulation.
2. TPO Structure:
• Buy Tails: Notable buy tails around $195–$197 and $208 signal strong buyer interest at these levels, reducing the likelihood of a deep retrace unless broader market conditions change.
• Selling Tails: Minimal sell-side pressure above $216, suggesting upward momentum can continue.
3. Support & Resistance Zones:
• Immediate support lies at $211.55, aligning with the IBL and VWAP.
• Resistance is seen near $218, where sellers might attempt to cap the move.
4. EMA Support:
• Price is trending above key EMAs, reinforcing the bullish outlook. Any pullback to the $208 zone would be a great opportunity to re-enter or add to positions.
5. Volume Gaps:
• Noticeable low-volume areas between $208–$212, which may act as zones for price to consolidate before another leg up.

Trade Setup:

• Long Entry Zones:
• Ideal entry: $208–$210 (retest of support and buy tail area).
• Aggressive entry: $212–$213 (current levels above POC).
• Targets:
• First Target (T1): $218 (next resistance cluster).
• Second Target (T2): $225 (breakout level above selling tail).
• Extended Target (T3): $230+ (potential stretch based on bullish continuation).
• Stop Loss:
• Place below $205, ensuring protection against invalidation of the current structure.
SO its basically for those who want to scalp or just day trade.

Dec 3, 2024

Trade active

AAVE on FIRE!