ASTER has been listed by Binance's dual investment, which should be good news. But why is the price still sliding down? I am Hongcai, and this matter must be clarified for you. Don't be fooled by superficial good news!
News aspect
Binance's dual investment has added ASTER, which is indeed a good thing to increase funding attention. However, against the backdrop of a downward trend, such a level of good news often only brings a brief rebound on selling news, only to be pushed back by larger selling pressure. The market is voting with its feet, telling you that it is currently not buying.
Technical aspects
Looking at the 4-hour chart, it's currently testing the support at 0.643.
Red bars turning into green bars but with shrinking volume is a false rebound, don't follow the funds! Selling pressure greater than buying pressure indicates that everyone is running!
The downward trend of the death cross underwater hasn't changed at all! All technical languages are shouting the same message: the trend is downward, don't easily catch falling knives!
Hongcai's personal opinion:
Before effectively breaking above 0.736 with increased volume and reversing the underwater death cross trend, all rebounds are opportunities for you to reduce your position, not a call to charge. Tonight's continued decline and the possibility of testing strong support below are far greater than a direct V-shaped reversal. A true bottom requires patience to let the market walk itself out.
Survival strategy for all players:
Veterans/short-term experts: The thought process can be summed up in one word: wait and watch. If you really want to operate, if a sharp drop occurs, and there is a significant long lower shadow or volume stop-loss signal in the strong support area below, you can use a very small position to bet on a rebound.
Spot players: wait for opportunities to enter the market.
Remember, in the crypto world, surviving is the key to seeing tomorrow's sun. Follow Hongcai, use a calm perspective to help you identify true and false signals, and seize the truly certain opportunities!
A decline is not the end, but a test of your understanding and discipline. Only those who can remain calm in panic can seize the next explosive rise. Follow Hongcai and participate in every attack by Hongcai! Hongcai will announce the specific entry times and real-time news in the chat room every day!#加密市场观察 $ASTER
