AAVEUSDT - A short squeeze at 140.0 could trigger a decline

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AAVEUSDT - A short squeeze at 140.0 could trigger a decline AAVE / TetherUS PERPETUAL CONTRACTBINANCE:AAVEUSDT.PRLindaAAVEUSDT.P is forming a counter-trend correction against the backdrop of a broadly red crypto market. The weak market is tied to the negative fundamental backdrop... Technically, the market has remained fairly stable after the recent news of the BINANCE crypto exchange hack; the reaction in the form of a decline did occur, but within acceptable intraday values—the flagship dropped 3.5% but is still in the 75K–87K range after the strong August rally that broke the trend. The AAVEUSDT altcoin generally looks weak and is forming a counter-trend correction aimed at hunting liquidity, while volumes remain low; focus on resistance at 138.7–140.0. Resistance levels: 138.7, 140.0, 146.8 Support levels: 127.9, 122.9, 113.0 A short squeeze could trigger a decline. The market is heading toward the liquidity zone of 138.7–140 before a further decline. The key target is 113.0. Best regards, R. Linda!