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!
晴天886
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Bearish
$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.
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