Bears are back at the helm: taking profit on the short at $ASTER ⚡️
When the global trend sets the rules, any attempts by buyers to turn the situation around meet with fierce resistance.
On the higher timeframes (4h) and the hourly chart (1h), the structure remains bearish, with Order Flow prioritized in the selling zone. On the lower timeframe (15m), a local breakdown to the downside has also been recorded, along with continuation of the downtrend, forming new lows (LL) and a bearish BOS, which confirms the priority of short positions.
📉 Trading setup:
Entry Zone: 0,6930 – 0,7000 (build a short position when price corrects locally back to the order-block area and the lower-timeframe resistance zones within the context of the overall downtrend).
TP: 0,6600 (profit-taking at key higher-timeframe support levels and taking liquidity from below).
SL: Above 0,7050 (if price closes above this level, it will break the local selling structure and invalidate the trading idea).
Don’t try to catch falling knives against the higher timeframe—wait for the pullback into the premium zone and take your profit according to the plan.
🚀 Перейти к торговле на Binance👇
#cryptotrading #TechnicalAnalysis
When the global trend sets the rules, any attempts by buyers to turn the situation around meet with fierce resistance.
On the higher timeframes (4h) and the hourly chart (1h), the structure remains bearish, with Order Flow prioritized in the selling zone. On the lower timeframe (15m), a local breakdown to the downside has also been recorded, along with continuation of the downtrend, forming new lows (LL) and a bearish BOS, which confirms the priority of short positions.
📉 Trading setup:
Entry Zone: 0,6930 – 0,7000 (build a short position when price corrects locally back to the order-block area and the lower-timeframe resistance zones within the context of the overall downtrend).
TP: 0,6600 (profit-taking at key higher-timeframe support levels and taking liquidity from below).
SL: Above 0,7050 (if price closes above this level, it will break the local selling structure and invalidate the trading idea).
Don’t try to catch falling knives against the higher timeframe—wait for the pullback into the premium zone and take your profit according to the plan.
🚀 Перейти к торговле на Binance👇
#cryptotrading #TechnicalAnalysis
