$ASR is trading near 1.82, up over 37%, after a clean breakout from the 1.47–1.50 base. The move came with a clear volume expansion, showing real demand rather than thin liquidity. Price pushed straight through prior resistance and is now consolidating near the highs, which keeps momentum intact.
Liquidity below 1.60 was swept early in the move, then buyers stepped in aggressively. Whale activity looks supportive, adding during the breakout instead of selling into it. Liquidations on shorts likely fueled the impulse, but follow-through buying suggests this was not just a squeeze. Funding is likely heating up slightly, but not at extreme levels yet.
Structurally, ASR has shifted from range to trend. Higher highs and higher lows are in place as long as 1.75 holds. Momentum is cooling short term, but no breakdown signal yet.
Key Levels
Support: 1.78 – 1.75
Resistance: 1.87, then 2.00
Bias
Short-term bullish while above 1.75.
Trade Setup
Entry: 1.78 – 1.82
TP1: 1.95
TP2: 2.10
SL: 1.70
Market Cap
ASR market cap is roughly $100–120M, which explains the sharp moves once liquidity enters.
Market Outlook
Holding above support keeps the trend strong. A loss of 1.75 would signal a deeper pullback.
My take
Momentum is strong, but patience matters near highs. Do your own research.
