🔥 $A$ASTER trend: Pre-Breakout Alert! 🔥
The bulls are fighting back! $AST$ASTER howing strong signs of accumulation as it approaches a major inflection point. After a sharp recovery from the 0.55 ATL, the chart is heating up. 🚀
V-Shaped Recovery: The price rejected the 0.633 low (24h range) and rallied aggressively to test the 0.709 resistance zone.
Crucial Support Test: The current pullback to 0.689 is putting the MA5 and the 7-day SMA (0.619) to the test. Holding these levels is vital for the next leg up.
Bullish Volume Profile: Recent 1h candles show declining volume on pullbacks and massive spikes during upward moves (peaking at 0.7098), a classic sign of smart money accumulation. 📊
On-Chain Catalyst: Aster’s new Strategic Buyback Program is now live, allocating up to 40% of daily fees to support token demand.
Whale Activity: Net inflows over the 6h–12h window suggest underlying demand is absorbing sell pressure.
📈 The Trade Setup
Entry Long $ASTER
:
Safe Entry: Confirmed bounce above 0.692 (MA5 support).
Aggressive Entry: Breakout above 0.7087 resistance with a volume surge.
🎯 Targets:
TP1: 0.728
TP2: 0.746 (Momentum acceleration zone)
🛡️ Risk Management:
Stop-Loss: 0.670 (Major support zone).