Brothers, did you sleep well last night? $ASTER This little demon is stirring things up again in the middle of the night! Current price is 1.048 dollars, down 3.94% in 24 hours, but do you think this is the end?
That 15-minute candlestick on the chart looks like a roller coaster, I was stunned watching it.
Let's talk about the technical aspects.
MA(7) is at 1.038, MA(25) is at 1.023, MA(99) is at 1.034, and the three moving averages are twisted together like a twist bread.
What does this mean? The short-term direction is unclear, and both bulls and bears are crazily competing in the range of 1.00-1.05.
What about the trading volume? 22.2 million ASTER in 24 hours, with a turnover rate close to 48%, indicating that someone is frantically washing the plate.
Here's the explosive news: CZ (Binance's founder) personally bought 2 million ASTER on November 6, directly pulling the price from 0.91 to 1.17! But the good times didn't last long; on November 3, a whale opened a short position worth 52.8 million dollars, with a liquidation price of 2.091.
This wave of bearish pressure directly pushed the price down to the 24-hour low of 0.967.
The current price is hovering around 1.048, like standing on the edge of a cliff; the next second could be takeoff or a fire.
To be honest, this trend is just like my ex-girlfriend's mood — it changes all of a sudden. The dealer's manipulation is like my mom doing laundry; they won't stop until retail investors are completely confused. The technical indicator RSI is around 54 (neutral to slightly bullish), and MACD has just crossed bullish, with trading volume shrinking. What does this mean? The bearish strength is weakening, and the market might stabilize and rebound.
But! (Here's the key point) The support level is in the range of 0.931-1.092. If it falls below this level, the next stop could be 0.91 or even 0.88. What about the resistance level? 1.10-1.15 is the first hurdle; we can only look at 1.20+ if it breaks through.
My operational advice (👇):
Look for long opportunities — you can set a small position in the range of 0.97-1.00, with a stop loss below 0.95.
Control your position, small position — don't go all in! This market is volatile by 26.77%, and if you're not careful, you could get liquidated.
The market might stabilize — the bearish strength is diminishing, and if it holds the support at 1.00, the probability of a rebound to 1.10+ is quite high.
Lastly, let me be honest: ASTER is just an emotional coin. CZ's recommendations can pump it by 20%, while a whale shorting can drop it by 15%. If you want to play, you have to accept this volatility.
Anyway, I have placed some positions in the range of 0.98-1.02, with a stop loss at 0.95.
If I make a profit, buy me a drink; if I lose, I'll take the hit myself.
Remember: One day in the crypto world is like a year in the human world. The ASTER coin is even more unpredictable, changing every second. Make sure to manage your risk and don't get too excited!
