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$ASTER Long counter bearish trend
• K-line shows formation of potential hammer-like patterns near 0.643 support with increasing volume, suggesting possible exhaustion of selling pressure.
• The rejection from 0.709 high created a lower high structure, but current consolidation above 0.643 indicates potential base formation
• While technicals suggest potential reversal, overall market structure remains bearish below 0.670
• Recent candles show elevated volume 27M during downside moves at 0.638 low, suggesting selling pressure absorption. Current consolidation shows reduced volume.
Capital Flow: recent 1H/2H inflows (108K/274K USDT) suggest potential near-term stabilization.
Entry long
$ASTER • Ideal: Break above 0.660 with volume confirmation
• Aggressive: Current levels 0.654-0.656 with strict stop below 0.639
Stop Loss: 0.631, based on ATR volatility measurement
Target Levels:
$ASTER : 0.687-0.701
Support me just Click below to Trade 👇 Cheers.
Monitor for any break below 0.639 which would invalidate the thesis and suggest continuation toward 0.626
#aster #asterusdt #asterdex