aaveusd h8 outlook for the bulls

28 בפבר׳ 2023

Hey guys, what's going on. So let's check out the aaveusd 8hour
chart, currently pullback in progress and we recommend to stay out,
until we hit strong supports below market price. Pullback in progress
and 20-25% downside remains on the sell side. Bulls look to buy
low if the sell side pressure subsides near key s/r zone 52/56 USD.
Bears maintain short-term control so no valid setup for bulls right
now, and we recommend to wait for a better price to enter BUY trades.
Overview of key s/r zones on the chart:

supports: 52/56 USD
resistances: 90/94 USD
resistances: 108/114 USD

recommended strategy: BUY LOW after the pullback is over.

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