$ASTER is retesting a major resistance zone as its recent upward momentum starts to lose steam.
Trade Setup: Short $ASTER
Entry Range: 0.6564 – 0.6696
Stop Loss (SL): 0.720
Take Profit 1 (TP1): 0.637
Take Profit 2 (TP2): 0.617
Take Profit 3 (TP3): 0.605
Market Analysis
The recent bounce has driven price right into a strong resistance level where sell orders are stepping in to absorb buying pressure. Bulls are failing to clear this structural level, leaving exposed liquidity stacked below the recent lows. As long as this supply ceiling holds firm, expect a shift in momentum to push price down toward the lower liquidity targets.
Execute the $ASTER trade below:
$ASTER
#CFTCSeeksInputOnComputeDerivatives #EliLillyRises5.3%ToRecordHigh #AdnocPlansToTrimAsiaCrudeShipments
Trade Setup: Short $ASTER
Entry Range: 0.6564 – 0.6696
Stop Loss (SL): 0.720
Take Profit 1 (TP1): 0.637
Take Profit 2 (TP2): 0.617
Take Profit 3 (TP3): 0.605
Market Analysis
The recent bounce has driven price right into a strong resistance level where sell orders are stepping in to absorb buying pressure. Bulls are failing to clear this structural level, leaving exposed liquidity stacked below the recent lows. As long as this supply ceiling holds firm, expect a shift in momentum to push price down toward the lower liquidity targets.
Execute the $ASTER trade below:
$ASTER
#CFTCSeeksInputOnComputeDerivatives #EliLillyRises5.3%ToRecordHigh #AdnocPlansToTrimAsiaCrudeShipments