$ASTR
A Massive Breakdown is Looming! ⚠️
Fellow Traders, it’s time to pay close attention to $ASTR. The technical and fundamental signs are pointing toward a significant correction.
Here is why $ASTR looks bearish:
Head & Shoulders Pattern: A very clear bearish "Head and Shoulders" pattern has formed on the chart. If it breaks the current support, we could see a straight drop to the 0.6 level!
Trapped Longs: Big players are currently stuck with $3.3 Million in long positions. They are struggling to hold the line, while other major addresses are racking up heavy losses.
Token Unlocks: Mark your calendars! On February 17th, a massive 78 Million tokens will be unlocked. This usually leads to a huge dump as early investors look to sell.
Centralization Risk: About 97% of the supply is concentrated in the top 100 wallets. This makes the coin highly susceptible to whale manipulation.
The trend is heavily leaning towards a short opportunity. Trade wisely and manage your risks! 👇👇👇
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