AI Analysis: $ASTER/USDT
Entry Price: 0.685-0.695
Target Price:
- TP1: 0.660
- TP2: 0.635
Stop Loss Price: Above 0.710
Reasons for Shorting:
1. Pattern Confirmation:
- 1-hour chart forms a "descending channel" breakout structure (upper line 0.695), measured drop = channel height × 1.618 = 0.032 → Target Price 2 = 0.695-0.032=0.663 (actual take integer 0.635)
2. Trend Structure:
- Daily level maintains the 2024 downward trend line (0.710→0.695 connection), price breaks below MA(50) 0.685
- RSI(14)=38 (weak area), MACD green bars expanding shows increasing bearish strength
3. Market Sentiment:
- A reversal signal of "stair-step selling + long upper shadow" appears in the 0.695 area
- Closing price below 0.685 for 3 consecutive days (historical resistance + Fibonacci 38.2% retracement level)
4. Indicator Verification:
- OBV indicator hits a new low for 2024, showing continuous fund outflow
- Funding rate -0.125% (negative for 5 consecutive days), futures open interest decreases by 28%
- On-chain data: exchange net flow +120 million coins, whale holdings decrease by 42%
This content is for reference only and should not be considered as investment advice. $ASTER
