AAVE – Eyeing Reversal From Daily Demand for $400 Target

Current Structure:
AAVE recently rejected from 1M S/R at $332.54 and pulled back into a confluence support zone—overlapping 1W order block (OB), 1D OB, and previous resistance now flipped support ($277–$290 zone, marked blue).

Buy Zone:
Watching the blue box area for bullish reversal triggers. This is a high-probability demand zone due to multiple timeframe confluence.

Trigger:
Wait for a bullish reaction/candle confirmation inside the blue zone. Ideal scenario: bullish engulfing, sweep of the low and reclaim, or a strong bounce with rising volume.

Targets:
Primary upside target: retest of the 1M S/R at $332, then continuation toward $400 if momentum sustains.

Invalidation:
If price closes below the 1D OB ($274.84), long setup is invalidated—risk of further downside increases.

AAVE is testing a major support confluence zone, combining weekly and daily order blocks. This area previously acted as resistance and now presents a strong demand zone. If bulls defend this zone and trigger a reversal, there’s a clear runway back to previous highs and potentially $400. This setup offers a favorable risk/reward profile with tight invalidation.