AAVE 4H – Descending Channel Rejection

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AAVE 4H – Descending Channel RejectionAAVE / TetherUSBINANCE:AAVEUSDTBKVIPAAVE on the 4H timeframe continues to trade inside a well-defined descending channel. Price recently swept the lower boundary near 85–86, triggering a strong reaction bounce back toward the 96 resistance zone, which aligns with the upper channel trendline. Structure remains corrective inside the channel. Key Levels To Watch • 96 → Channel resistance / current reaction • 100 → Psychological resistance above • 85–86 → Recent liquidity sweep low • Below 85 → Continuation downside As long as AAVE remains below the descending resistance trendline, the broader short-term structure remains bearish. The recent bounce looks like a reaction from liquidity rather than confirmed trend reversal. A clean break and close above 96–98 would weaken the channel structure and open room toward 100+. Failure to break resistance keeps pressure toward the lower boundary. Trend remains inside descending structure. Bias shifts only on confirmed breakout.