#AAVE Setting a Trap: Descending Triangle + Channel ConfluenceAAVE / US DollarBINANCE:AAVEUSDMyCryptoParadise Yello Paradisers! Are you prepared for a potential #AAVE price breakdown before the next major crypto market move unfolds? 💎#AAVE is currently forming a descending triangle pattern within a broader descending channel, which significantly increases the probability of a bearish continuation. We are likely seeing an Elliott Wave ABC or ABCDE structure developing. At this stage, we are patiently waiting for the completion of wave E, followed by a strong reversal candle with clear price action structure before considering any high-probability trade setup. 💎From a technical analysis perspective, triangles commonly form in wave 4, indicating that one more downside impulse wave is likely pending for #AAVE. This aligns perfectly with the current structure, where the entire correction is respecting the boundaries of the descending channel, adding strong confluence to our bearish outlook. 💎Moreover, the presence of hidden bearish divergence on the RSI indicator during the formation of this descending triangle further supports the likelihood of trend continuation to the downside. This is a critical signal in trading, suggesting that momentum still favors the bears and the market may not yet be ready for a bullish reversal. 💎Looking at key #AAVE price levels, the minor support is located around $92, which corresponds to the previous swing low. A confirmed breakdown below this level could accelerate selling pressure toward the major support at $72, which also aligns with the lower boundary of the descending channel and serves as a strong technical confluence zone. 💎On the upside, minor resistance is found near $126, around the high of wave C. The major resistance level sits at $150, a key flip zone where the market previously broke down, making it a critical area for potential rejection if the price revisits it. 💎Descending triangle patterns in trading are known for offering excellent risk-to-reward opportunities, but only when traded with patience, confirmation, and proper risk management. Entering trades prematurely within such structures often leads to getting caught in false breakouts or market traps. Paradisers, that is why with a disciplined trading approach, we are waiting for confirmation at key support and resistance levels, which is essential for consistent profitability. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴