AAVE > Support and Resistance > Time to go down?
Hello Traders,
Hope you all are enjoying the thrill of your trading journey.
I am presenting my analysis on AAVE.
AAVE was facing trendline support, and we took a long trade on a pullback and it reached our profit target according to my technical analysis.
Now, I am bearish on AAVE and selling it. Our profit target is lower support region.
Kindly do your own research and follow proper risk management.
Our analysis is valid until we see a breakout from the Resistance.
Feel free to share your views in the comment section.
Best Regards,
Shaswat Naman
Technical Analyst - TradeThrill
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Hope you all are enjoying the thrill of your trading journey.
I am presenting my analysis on AAVE.
AAVE was facing trendline support, and we took a long trade on a pullback and it reached our profit target according to my technical analysis.
Now, I am bearish on AAVE and selling it. Our profit target is lower support region.
Kindly do your own research and follow proper risk management.
Our analysis is valid until we see a breakout from the Resistance.
Feel free to share your views in the comment section.
Best Regards,
Shaswat Naman
Technical Analyst - TradeThrill
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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.