The $AAVE /USDT pair on the 15-minute chart is showing impressive gains, currently trading at 164.13, with a daily increase of over 24%.
This upward momentum is supported by solid buying interest as AAVE approaches significant levels. The resistance level is identified at 164.57, a critical zone where a breakout could signal further bullish momentum, potentially attracting more buyers to push the price higher.
Conversely, support is observed at 159.20, acting as a stabilizing floor. If AAVE holds above this level, it reinforces the current bullish structure.
For a potential entry, traders could consider positioning near the current price with take-profit targets set at 166.00 (TP1), 169.00 (TP2), and 172.00 (TP3), aiming to capture gains along the uptrend.
A stop-loss (SL) around 158.00 is advised to manage downside risk if the trend reverses unexpectedly.
This setup provides a balanced approach, capitalizing on AAVE’s bullish momentum while safeguarding against potential pullbacks.
