Aave Weak Higher High, 5X SHORT—192% Potential
2024-11-10

The peak hit late September, on the 23rd, led to a small retrace. This retrace ended 4-November and was followed by a quick bounce. This bounce produced a higher high. I am calling this higher high weak because trading volume is really low compared to early September and late August and also because it reached only ~10% higher compared to the last high.

This price dynamic can be interpreted in two ways. (1) The up-move is not over and AAVEUSDT will continue to grow. (2) The pull-back is over and a drop comes next.

Both can be traded with a tight stop-loss. 
Full trade-numbers below:

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 SHORT AAVEUSDT 

Leverage: 5X

Entry levels: 

1) $200
2) $185

Targets:

1) $175
2) $165
3) $155
4) $145
5) $135
6) $122
7) $117

Stop-loss:
Adjust to your own risk tolerance

Potential profits:192%

Capital allocation: 3%
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Remember to do your own research and planning before trading.
This is not financial advice.

Thanks a lot for your support.

I am wishing you health, wealth, profits and good luck.

Namaste.