$ASTER been down since I made an update on it. Price still | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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$ASTER been down since I made an update on it.Price still looks weak, it retested the same zone but got rejected.
I think more downside is likely as long as price doesn’t reclaim the 1.13 zone.

CRYPTO MECHANIC

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$ASTER If the weekly candle closes like this, it will be the lowest weekly close since it launched on Binance.

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ASTER

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A lot of people are waiting for the Fed meeting, expecting that an interest rate cut will pump the market. That can happen, but there’s no need to be overly confident about it. Rate cuts are generally bullish for traditional markets, and you can clearly see that from how US stocks and Gold have been performing. However, crypto hasn’t shown any meaningful reaction despite two rate cuts in the last two months, the crypto market didn’t benefit at all. Hopefully this time we’ll see some movement. Most of the news is usually priced in anyway, because everyone already has an idea of what the outcome will be. For now, crypto remains range bound with over all bearish trend. Maybe next week will finally give us some directional play. The interest rate decision will be announced on December 11th, so let’s see how the market responds this time. I personally think best trade opportunity will come when the market will show some strength and preferably shift the short term trend. Not any news event.

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I don't know why this scam pumped, but every time it pumped out of nowhere, it was just to grab some more liquidity before going lower.

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Overall if we look at the weekly, The trend remains bearish as the price is still trading below $98k-100k zone. This week took the low of the last week and high as well. I will share more details tomorrow after weekly close like i always do.

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When priced dropped to $80k we predicted the bounce and i also said V shape recoveries are rare and so far price didn't do anything as such. We got the bounce but over all its just a wide range. Things are pretty clear right now in terms of important zones. Important support to hold $85k (mid range) and $80k range lows. Important high to break $93500 I think the next buy opportunity will come above $93500, Trading within the range isn't something every trader can do.

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Trading is a game of probabilities, not predictions. To survive and grow in this market, you have to think probabilistically every single time you make a decision. It’s always a game of “if this, then that.” When price approaches a level, there are only a few things that can happen: - Price can respect the level as support , maybe you want to long it. - Or it can break below and flip it into resistance, maybe you want to short it or expect downside as long as price stays under that level. That’s it. These are the scenarios you prepare for. Now, there will always be people who say, “Bro, you’re just saying it’ll go up or down.” Ignore them. They don’t understand the market, they don’t understand risk, and most of the time they’re losing money and need to project that frustration somewhere. They’re not your competition, they’re noise. You’re here to make money. And to make money, you must consider every possible outcome and prepare for each one. A real trader thinks like this: If this happens, I will do this. If that happens, I will do that. You simply lay out the probabilities, judge which scenario is more likely, and then manage your risk according to your plan. That’s trading. Not guessing. Not gambling. Just probabilities, preparation, and execution.

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