Quick summary
AAVE has bounced off the same base three times since February, each time from a different depth below the 0.00155 XBT level. Two limit orders sit at −20% and −31% below base, waiting for the next flush before targeting a full base reclaim.
What is AAVE?
Aave is one of the largest decentralised lending protocols in DeFi, allowing users to borrow and lend crypto assets without intermediaries. AAVE is its native governance token, traded here against Bitcoin on Kraken.
Trade Setup
Base: ~0.00155 XBT
Current price: 0.00148 XBT, just below base
Position: not yet entered, watching for a pullback to two identified levels below base
Levels
Entry 1: −20% below base → ~0.00124 XBT
Entry 2: −31% below base → ~0.00107 XBT
Exit: base reclaim → 0.00155 XBT, extended target 0.00171–0.00183 XBT
Panic: sustained close below 0.00107 XBT with no reclaim
Zoomed out: AAVE/XBT has respected the same base at 0.00155 on repeat since February, three separate bounces back to that level across different entry depths. The chart shows a pattern of sharp drops followed by clean recoveries, making this a structure worth watching. Two stacked limit orders sit below waiting for the next flush.
The trading strategy behind these setups is laid out in full in the Coinjuice eBook, How to Trade Without Leverage.
Disclaimer
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Written by
Andrew Kamsky
Andrew Kamsky is a Bitcoin analyst. He spent a decade in traditional finance across a Big Four firm and a listed fintech bank before going deep on Bitcoin full-time.
