Long

$AAVE/USDT 1D (Binance Futures) Bullish pennant near breakout

Updated

Aave finally looks bullish again after bouncing on ascending channel and 100EMA support.

Current Price= 378.932
Buy Entry = 362.450 - 330.250
Take Profit= 499.049 | 713.557 | 1025.130
Stop Loss= 269.660

Risk/Reward= 1:2 | 1:4.8 | 1:8.86
Expected Profit= +44.13% | +106.08% | +196.07%
Possible Loss= -22.12%

Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Trade active

All entries filled

Aave broke bullish then dipped a last time and is now heading towards first target.
I had to redrew a bit the ascending channel, chart is looking really good I must say!

Note

TP1 missed by 5.718$

Aave pumped nicely but not enough to reached 500 dollars again, I am still confident about it!

Note

TP1 missed again by 16.299$ this time

Aave also wicked hard after breaking down the channel, what a sell-off it was!
Seems like the PC bot hasn't closed it either, so if you are still in you can partially take some profit here.
Now retesting the ascending resistance, I would not be surprised if dips a last time before going for a new ATH, chart looks quite bullish..

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