$AAVE find support from large buyers
AAVE has drafted a hammer like candle pattern on the four-hour chart. Additionally, this support came at previously broken resistance, a common occurrence.Notice how each of the previous green 4-hour candles have been on bigger than average volume. Red candles have been on smaller than average volume. This indicates support by larger investors.
In essence, every dip has been met with larger than average buying and suggests accumulation by larger investors.
You can take profit as TP1, TP2, TP3, but then trail a portion of the position in case it runs to the upside.
Stop-Loss: 221.00
Take-Profits:
TP1: 239,
TP2: 264,
TP3: 285,
TP4: Open with trailing SL
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We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Related publications
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.