Do you still want to listen to Master Yongzheng's calls? How much do you see? Has it broken the level? Unfortunately, it only rebounded to 1.08 before starting to break down!

$ASTER
{future}(ASTERUSDT)
Today let's take a look at the popular counterfeit coins, which are very hot~
This coin has formed a classic double top pattern at the price level of 2.1, and it has not been able to repair after breaking the neck line. A smaller level has also formed a head and shoulders top pattern, showing bearish signals technically.

Short-term strategy:
On 10/11, my suggestion for holding spot at 0.96 is to reduce holdings on rebounds.
Enter short between 1.16-1.20!!!
Defense: If the 4-hour candlestick closes firmly above 1.20, consider adding positions to go short and reducing positions for T strategy.
Target: 0.55-0.45
After reaching the target, consider reversing to establish a long spot position, as there is still a long way to go for speculation!

Most retail investors are influenced by bloggers, with an average holding cost concentrated above 1.2. This means the current price is in a state of loss for most investors, which may lead to two outcomes: either triggering panic selling or forming a strong support force. Based on the current technical pattern, we lean towards the former, so it is recommended to adopt a strategy of shorting on highs.