AAVEUSDT - Bear market. Breakdown of support at 162.0

[AIcash]

AAVEUSDT is testing the support of the range amid a market decline. Bulls are reversing their positions due to weakening fundamentals. Focus on support at 162.0

Bitcoin is falling due to the deterioration of the fundamental background. The altcoin market is reacting aggressively and entering a short zone. AAVE is breaking out of the range, and if it closes below 162.0, the decline may intensify

A pre-breakout base is forming relative to 162.0. Before the fall, a retest of the local liquidity zone at 165.9 is possible. However, closing below the support at 162.0 will be a signal for a further decline to 157.0 - 148.0.

Support levels: 162.0, 157.23, 148.06
Resistance levels: 165.9, 169.1

The price breaking out of the range suggests readiness for further movement. A breakout of support indicates that the movement will be downward. Closing below 162.0 could trigger a sell-off to 157 - 148 - 145.

[kevin1]

curious if anyone’s looking for a bounce at 162 or just waiting for a confirmed close below before shorting.