AAVEUSDT|Can we see a true breakout?
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The asset is currently in a downtrend, if there is a breakdown of the countertrend line, you should not immediately jump in and open long positions, I think for the safety of the margin position it is better to wait for confirmation from the reverse side of the trend line (it showed approximately with a red arrow) and from confirmation it will be possible enter on a rebound with minimal risks in long ($72-76)
There is also a second safer option, for bitcoin we can see a test of the $18.200 level and altcoins will also show downward movements, and so: you can wait for the $70-68 level and from there also try to get a long position, an option that I will consider.
The asset is currently in a downtrend, if there is a breakdown of the countertrend line, you should not immediately jump in and open long positions, I think for the safety of the margin position it is better to wait for confirmation from the reverse side of the trend line (it showed approximately with a red arrow) and from confirmation it will be possible enter on a rebound with minimal risks in long ($72-76)
There is also a second safer option, for bitcoin we can see a test of the $18.200 level and altcoins will also show downward movements, and so: you can wait for the $70-68 level and from there also try to get a long position, an option that I will consider.
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