$ASTER is sitting $0.7227, just 0.2% above its daily EMA20, and that's the whole trade right now.
The daily stack is intact, RSI is 51 so nothing is stretched, and it's up 3.3% on the day after bouncing off a $0.6907 low. It's also beating BTC by 1.4 points over 7 days. Screener score is 9 out of 14. That's a decent setup, not a slam dunk, and I'm not dressing it up as one.
The weak spot is volume. The last 5 days ran at 0.73x the 20 days before, and 24h Binance volume is only $14M. So I want to see price hold the average on thin tape before I trust it.
Right now $ASTER trades at $0.7227. If it holds $0.721474, I think it pushes into yesterday's high at $0.7291 next. If it loses $0.721474, I'm wrong on this and there's nothing to defend. Anyone long from here gives back the whole bounce, and I won't argue with the chart.
Holding $0.721474 or losing it?
follow me for more calls like this.
The daily stack is intact, RSI is 51 so nothing is stretched, and it's up 3.3% on the day after bouncing off a $0.6907 low. It's also beating BTC by 1.4 points over 7 days. Screener score is 9 out of 14. That's a decent setup, not a slam dunk, and I'm not dressing it up as one.
The weak spot is volume. The last 5 days ran at 0.73x the 20 days before, and 24h Binance volume is only $14M. So I want to see price hold the average on thin tape before I trust it.
Right now $ASTER trades at $0.7227. If it holds $0.721474, I think it pushes into yesterday's high at $0.7291 next. If it loses $0.721474, I'm wrong on this and there's nothing to defend. Anyone long from here gives back the whole bounce, and I won't argue with the chart.
Holding $0.721474 or losing it?
follow me for more calls like this.
