🩸 $ASTS — 1H Flush Into Support
$ASTS just got hit with a sharp -8.35% drop, falling from the $63.77 high to $58.06.
Now the interesting part: RSI(6) is only 6.21 — extremely oversold on the 1H chart. Price is also approaching the previous $57.17 swing low.
This doesn't guarantee a bounce, but a reaction here could create a short-term setup.
📍 Bounce watch
🟢 Entry: $57.30–58.10 after stabilization
🎯 TP1: $59.74
🎯 TP2: $61.20
🎯 TP3: $62.65
🎯 Major resistance: $63.77
🛑 Invalidation: below $56.80
🔥 Key trigger: Reclaiming $58.30–58.50 with buying volume would be the first sign that sellers are losing control.
If $57.17 breaks, the bounce setup needs to be reassessed.
👀 Oversold bounce incoming, or does $57 break first?
⚠️ Extreme volatility after a liquidation-style move. Wait for confirmation and manage risk.
$ASTS
#ASTS
$ASTS just got hit with a sharp -8.35% drop, falling from the $63.77 high to $58.06.
Now the interesting part: RSI(6) is only 6.21 — extremely oversold on the 1H chart. Price is also approaching the previous $57.17 swing low.
This doesn't guarantee a bounce, but a reaction here could create a short-term setup.
📍 Bounce watch
🟢 Entry: $57.30–58.10 after stabilization
🎯 TP1: $59.74
🎯 TP2: $61.20
🎯 TP3: $62.65
🎯 Major resistance: $63.77
🛑 Invalidation: below $56.80
🔥 Key trigger: Reclaiming $58.30–58.50 with buying volume would be the first sign that sellers are losing control.
If $57.17 breaks, the bounce setup needs to be reassessed.
👀 Oversold bounce incoming, or does $57 break first?
⚠️ Extreme volatility after a liquidation-style move. Wait for confirmation and manage risk.
$ASTS
#ASTS