๐ช $ASTER
โ๐ข LONG | 1H
โ๐ข Entry: 0.7750 โ 0.7800
โ๐ Stop: 0.7600
โ๐ข TP1: 0.8300
โ๐ข TP2: 0.8672
โ๐ข TP3: 0.8800
โ๐ Experienced a sweep of the 24h high at 0.8672 with a large upper wick, showing distribution and exhaustion of momentum as volume drops to 5.9M versus an MA5 of 50.3M. However, the overarching trend remains strong with a bullish EMA cluster, green Supertrend, and bullish MACD. Entry is set on a deep pullback to the EMA25 zone following distribution, with a stop loss placed safely below the EMA25. TP1 targets the upper Bollinger Band area for an R:R of ~1:2.8, TP2 aims at the previous high, and TP3 is set on expansion. โ ๏ธ Warning: If the price fails to retrace to the 0.78 entry zone, skip the setup entirely. Utilize a 1% risk allocation.
โโ ๏ธ Disclaimer: Not financial advice!
โ๐ช $ASTER
โ๐ข LONG | 1H
โ๐ข Entry: 0.7750 โ 0.7800
โ๐ Stop: 0.7600
โ๐ข TP1: 0.8300
โ๐ข TP2: 0.8672
โ๐ข TP3: 0.8800
โ๐ Experienced a sweep of the 24h high at 0.8672 with a large upper wick, showing distribution and exhaustion of momentum as volume drops to 5.9M versus an MA5 of 50.3M. However, the overarching trend remains strong with a bullish EMA cluster, green Supertrend, and bullish MACD. Entry is set on a deep pullback to the EMA25 zone following distribution, with a stop loss placed safely below the EMA25. TP1 targets the upper Bollinger Band area for an R:R of ~1:2.8, TP2 aims at the previous high, and TP3 is set on expansion. โ ๏ธ Warning: If the price fails to retrace to the 0.78 entry zone, skip the setup entirely. Utilize a 1% risk allocation.
โโ ๏ธ Disclaimer: Not financial advice!
โ๐ช $ASTER