$AAVE is trying to recover, but structure is still fragile.
From the chart, price dumped hard from the 123–124 region and swept liquidity down to 111.20. That wick is important — it shows aggressive buyers stepped in at the lows. The bounce from 111 to 118 was sharp, meaning short-term relief momentum is active.
Right now price is hovering around 118–119, which was previous intraday resistance. This level now acts as a decision zone.
What I see:
• Clear lower high structure on the higher timeframe
• Strong rejection from 131 previously
• Recent liquidity sweep at 111
• Relief bounce, not confi