$ASR
Technical analysis for ASR/USDT pair
Current situation:
· Current price: ~1.821 USDT
· Daily change: +33.80% (strong increase)
· Trading volume (24 hours): 20.29M USDT (high)
· Nearby resistance: 1.932 (SuperTrend level)
· Nearby support: 1.337 (lowest price in 24 hours)
Technical indicators:
1. SuperTrend (10,3): indicates 1.932 as an immediate resistance level
2. Momentum: very strong (+33.8%) which may indicate overbought
3. Volume: very high supporting price movement
Suggested entry areas:
Scenario 1 (conservative):
· Entry: waiting for a correction to 1.65-1.70
· Stop: 1.55 (potential loss: ~8-10%)
· First target: 1.90
· Second target: 2.00
· Third target: 2.12
Scenario 2 (risk-taker):
· Entry: currently at 1.82 with a close stop
· Stop: 1.75 (potential loss: ~4%)
· First target: 1.95
· Second target: 2.05
Profit-taking and exit areas:
Profit levels:
1. 1.90-1.93: take the first part (25-30% of the position)
2. 2.00-2.05: take the second part (25-30%)
3. 2.10-2.12: take the rest of the position
Trailing stop:
· Raise the stop to 1.80 upon reaching 1.90
· Raise the stop to 1.85 upon reaching 2.00
Important warnings:
1. Current momentum is very strong and a correction may be near
2. Buying at strong highs carries high risks
3. Risk management is essential - do not put more than 2-5% of capital in one trade
4. Liquidity: trading volume is good which facilitates entry and exit
