$AAVE /USDT is displaying impressive bullish momentum on the 15-minute chart, currently trading at 165.71 after a notable 25% increase.

The price is nearing a critical resistance level at 165.90, a breakout above which could drive AAVE into a new upward phase.

If the resistance holds, a retracement might bring the price back to its support level around 160.43, offering a cushion if selling pressure emerges. Traders looking to enter a position could consider an entry point around 165.50, with three take-profit targets positioned to maximize potential gains: TP1 at 167.00, TP2 at 169.00, and TP3 at 172.00. To protect against any reversal, a stop-loss is advisable at 159.50.

As AAVE tests this pivotal resistance, a breakthrough could spark another bullish wave, making this setup one to monitor closely.

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