📢 $ASTS / $USDT | 🔴 SHORT | ⭐ 71.6%
🎯 Objective: $61.3107. Is it still falling?

🎯 Trading levels:
🟢 Entry: $62.585
🛑 Stop Loss: $63.3496
🏁 TP1: $61.3107
🏁 TP2: $61.0559
🏁 TP3: $60.5462

📉 Analysis:
The market structure in $ASTS / $USDT shows a complete bearish alignment across all timeframes, confirmed by an ADX of 39.0 which validates a strong trend. Price is trading below the EMA20 and EMA50 moving averages, while the volume profile shows a clear sell-side absorption, indicating a lack of buying interest as price approaches local resistance.

⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 5/5

The thesis is invalidated if the price breaks upward through the stop loss level, nullifying the structure of lower highs. It is crucial to monitor price action near the entry zone to confirm the bearish rejection before consolidating the position.

Do you think the current volume is enough to break the support at $61.59?

💡 This analysis is educational and not financial advice. Do your own research and decide calmly.

#crypto #ASTS #trading #Futures #Bearish