$ASTER 1H: Key Levels to Watch
Two important levels are shaping the current price action:
• $0.478: The recent low has been swept, putting price into uncharted territory below this level.
• $0.534: The key overhead resistance where a potential rebound could face renewed selling pressure.
The breakdown came alongside rising Open Interest, suggesting fresh short positions are entering the market.
My bias remains bearish as long as $0.534 holds as resistance. With no clear liquidity pool below $0.478, further downside exploration remains possible.
Key invalidation: A reclaim of $0.534 would challenge the bearish setup.
For now, the reaction around these two levels will be crucial.
$BANANAS31 #WhoWillSucceedJensenHuangatNvidia?
$SOPH #BitcoinActiveSupplyInProfitDropsBelow45%
Two important levels are shaping the current price action:
• $0.478: The recent low has been swept, putting price into uncharted territory below this level.
• $0.534: The key overhead resistance where a potential rebound could face renewed selling pressure.
The breakdown came alongside rising Open Interest, suggesting fresh short positions are entering the market.
My bias remains bearish as long as $0.534 holds as resistance. With no clear liquidity pool below $0.478, further downside exploration remains possible.
Key invalidation: A reclaim of $0.534 would challenge the bearish setup.
For now, the reaction around these two levels will be crucial.
$BANANAS31 #WhoWillSucceedJensenHuangatNvidia?
$SOPH #BitcoinActiveSupplyInProfitDropsBelow45%
