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#AAVE just hit daily oversold levels. Looking back at the last two oversold signals, the price saw strong and sustained rallies, with clear profit opportunities. But this time, I’m choosing to wait a bit longer. Ideally, I’d like to see another leg down—best case, a touch of the EMA100, or even a wick down to the EMA200 (the key trendline between bull and bear territory). If, during this move, price manages to form a micro inverse head and shoulders, that wouldn’t just be an oversold bounce—it could mark the start of a real trend reversal. This kind of setup doesn’t always play out, but if it does, the risk is low and the R/R is insane—almost guaranteed profit on entry. If the market doesn’t give me what I want, I’ll keep watching for bullish setups around the EMA50.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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