Price: 320.19 | EMA7: 319.2 | EMA25: 319.6 | RSI14: 50.43 | Resistance: 385.99 | Support: 275.76 | Average Volume: 29087.87 | Volume Trend: Decreasing
Based on the 4h chart of AAVEUSDT, it appears to be trending downwards.
Recommendations:
- Long/Short Strategy: Short AAVE at the current price (320.19) with a stop-loss around 329.99. The target would be around the support level (275.76) as the EMA7 and EMA25 are trending downwards.
- Long Strategy: Wait for a bullish crossover between the EMA7 and EMA25 or a breakout above the current resistance (385.99). Consider buying at the next bullish retracement to the EMA25 level (323.19), which would provide some support and cushion against market volatility.
- Spot Buy: It's not a suitable time to buy AAVE as the price trend is bearish and the volume trend is decreasing. If you want to buy, wait for a bullish signal like an EMA crossover or a price breakout above the resistance level.
- Be cautious with the MACD value (-1.240131178115) indicating a bearish market.