CryptoKoryoDefi

$AAVE find support from large buyers

Long
BINANCE:AAVEUSDT.P   AAVE / TetherUS PERPETUAL CONTRACT
$AAVE has drafted a hammer like candle pattern on the four-hour chart. Additionally, this support came at previously broken resistance, a common occurrence.

Notice how each of the previous green 4-hour candles have been on bigger than average volume. Red candles have been on smaller than average volume. This indicates support by larger investors.

In essence, every dip has been met with larger than average buying and suggests accumulation by larger investors.

You can take profit as TP1, TP2, TP3, but then trail a portion of the position in case it runs to the upside.

Stop-Loss: 221.00
Take-Profits:
TP1: 239,
TP2: 264,
TP3: 285,
TP4: Open with trailing SL

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