$ASTER is compressing… and that usually comes before a big move.
In daily I'm seeing:
• Moving averages tightening (compression)
• Momentum changing from red to green
• Price pressuring resistance at 0.70
• Possible accumulation structure
My thesis:
If it breaks 0.70 with volume, I could look for 0.75 and then 0.79.
But if it loses 0.65, watch out… it could be a fakeout and a sweep first.
I, personally, am looking at this as a possible squeeze setup, not as an impulsive entry.
The important question is not "if it goes up or down."
It is:
Are we seeing accumulation before a breakout… or distribution before a drop?
I want to read contrary theses.
What do you see in ASTER: bullish breakout or trap? Comment on your scenario 👇
In daily I'm seeing:
• Moving averages tightening (compression)
• Momentum changing from red to green
• Price pressuring resistance at 0.70
• Possible accumulation structure
My thesis:
If it breaks 0.70 with volume, I could look for 0.75 and then 0.79.
But if it loses 0.65, watch out… it could be a fakeout and a sweep first.
I, personally, am looking at this as a possible squeeze setup, not as an impulsive entry.
The important question is not "if it goes up or down."
It is:
Are we seeing accumulation before a breakout… or distribution before a drop?
I want to read contrary theses.
What do you see in ASTER: bullish breakout or trap? Comment on your scenario 👇
