$ASTER is currently not a bet to take.
WHY???
The chart is still in a downtrend, the price is probing the bottom, and the buying and selling forces are completely imbalanced. There is no bullish news, no patterns, so whether to long or short is aimless.
To make a bet, there must be a sideways range to confirm:
🔸There must be real buying force
🔸There must be a clear support area
WHY IS THAT, IT'S EASY TO UNDERSTAND WHEN THERE IS A BUYING AREA THEN THERE IS CONFIDENCE, WITH CONFIDENCE THEN A TREND CAN BE CREATED TO KNOW WHETHER TO LONG OR SHORT
Currently:
🔸Catching the bottom = a gamble
🔸Holding the position = hope
With ASTER at this moment, staying outside waiting for confirmation is still the most reasonable choice.
