$ASTER is sitting at $0.7343, 0.5% above its 20-day mean at $0.73065, and that gap is the whole trade.
It bounced off a 24h low of $0.7025 and is pressing the 24h high of $0.7365. That's +3.5% on the day inside a month that's still -5.51%, so this is a bounce in a weak stretch and I won't pretend it's more.
What I like: daily RSI is 53, so it isn't stretched, and the 4H MACD is positive. The screener scores it 9 out of 14. That's a 9, not a 12, so size it like a 9.
Room above runs to the 10-day swing high at $0.7815, 6.4% away. The risk to the mean is 0.5%. That lopsided ratio is the post.
$ASTER trades at $0.7343 right now. If it holds $0.73065, I think it grinds up toward $0.7815. If it loses $0.73065, I'm wrong on this and there's nothing to defend. Anyone long gives back the bounce and gets pulled toward the $0.7025 low.
$0.73065 holds or breaks on the next daily close?
follow me for more calls like this.
It bounced off a 24h low of $0.7025 and is pressing the 24h high of $0.7365. That's +3.5% on the day inside a month that's still -5.51%, so this is a bounce in a weak stretch and I won't pretend it's more.
What I like: daily RSI is 53, so it isn't stretched, and the 4H MACD is positive. The screener scores it 9 out of 14. That's a 9, not a 12, so size it like a 9.
Room above runs to the 10-day swing high at $0.7815, 6.4% away. The risk to the mean is 0.5%. That lopsided ratio is the post.
$ASTER trades at $0.7343 right now. If it holds $0.73065, I think it grinds up toward $0.7815. If it loses $0.73065, I'm wrong on this and there's nothing to defend. Anyone long gives back the bounce and gets pulled toward the $0.7025 low.
$0.73065 holds or breaks on the next daily close?
follow me for more calls like this.
