$ASTER USDT Breakout in Progress – Buyers Stepping in at 0.6966
ASTERUSDT is showing strong bullish intent after the BUY entry at 0.6966000. Price action suggests accumulation near support with potential upside continuation if momentum sustains.
Technical Analysis:
Support and Resistance:
Immediate support is holding around 0.6700–0.6800, a zone where buyers previously stepped in.
Key resistance sits near 0.7200. A clean breakout above this level could push price toward 0.7500–0.7800, which is the next supply zone.
Moving Averages:
Price is trading above short-term moving averages, indicating bullish short-term structure. If the faster MA stays above the slower MA, it confirms continuation strength.
RSI:
RSI is trending above 50, showing bullish momentum building. A move toward 65–70 would indicate strong buying pressure, but traders should watch for minor pullbacks if RSI approaches overbought territory.
MACD:
MACD is showing a bullish crossover with positive histogram expansion, supporting further upside if volume confirms.
Market Sentiment:
Short-term sentiment is Bullish. Higher lows formation and support holding indicate accumulation. A confirmed breakout above 0.7200 would strengthen the bullish trend structure.
Strategy:
Entry: 0.6966000 is positioned near support within bullish structure.
Targets: 0.7200 first target, then 0.7500–0.7800 zone.
Invalidation: Daily close below 0.6700 would weaken the setup.
Recommendation: Trade with managed risk. Consider partial profit near first resistance and trail stop loss to protect capital. If not in position, wait for breakout confirmation above 0.7200 for safer continuation entry.
Momentum is building, but confirmation through volume expansion is key.
Are you holding ASTER for a breakout, or planning to secure profits at first resistance?
Not Financial Advice (NFA). Always do your own research before trading.
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