$ASTER got hit hard today, down about 15% with a wick to roughly $0.478 before bouncing back to around $0.53. Over $220M traded on Binance futures in 24h, so this wasn't thin-book noise.
On the NanoTrading Fire chart (4h) the drop sliced straight through the old $0.63-0.65 heat bands. Now price sits right under a fresh band at $0.54-0.55, with more stacked at $0.58-0.60. Below, the liquidity sits around $0.50-0.52 and then $0.47-0.49, where the wick got bought.
Futures are oddly calm. OI in coins barely moved (about 138M down to 130M contracts over 24h) while its dollar value fell from ~$87M to ~$70M, so it's mostly price, not people closing. Funding is basically flat, the retail long/short ratio is ~1.03, but top trader positions are still ~2.4x long. Plenty of longs still holding the bag.
My read: a 4h close back above $0.55 opens a squeeze toward $0.58-0.60. Losing $0.50 likely sends $ASTER back to retest the $0.48 wick. Are you catching this bounce or waiting for $0.50 to hold first? 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
NFA, just my map.
#ASTER #NanoTrading #CryptoTrading #Altcoins
On the NanoTrading Fire chart (4h) the drop sliced straight through the old $0.63-0.65 heat bands. Now price sits right under a fresh band at $0.54-0.55, with more stacked at $0.58-0.60. Below, the liquidity sits around $0.50-0.52 and then $0.47-0.49, where the wick got bought.
Futures are oddly calm. OI in coins barely moved (about 138M down to 130M contracts over 24h) while its dollar value fell from ~$87M to ~$70M, so it's mostly price, not people closing. Funding is basically flat, the retail long/short ratio is ~1.03, but top trader positions are still ~2.4x long. Plenty of longs still holding the bag.
My read: a 4h close back above $0.55 opens a squeeze toward $0.58-0.60. Losing $0.50 likely sends $ASTER back to retest the $0.48 wick. Are you catching this bounce or waiting for $0.50 to hold first? 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
NFA, just my map.
#ASTER #NanoTrading #CryptoTrading #Altcoins
