#ASTRA trading plan:
Trading Plan Overview (Short Bias)
Entry Zone: $0.9550 – $0.9750
Stop Loss (SL): $0.9900
Take Profit (TP):
$0.9300 (first target),
$0.9000 (second target)
Technical Analysis
Resistance / Support
EMA 200 ($0.9893): Acting as a strong dynamic resistance. Price has repeatedly failed to break above this level, signaling strong selling pressure.
Support Levels:
$0.9266 (recent low)
$0.9000 (psychological / next target)
Indicators
RSI: ~51 — neutral but slightly bullish. Could see a small retest of resistance before bearish momentum resumes.
MACD: Below zero, with DIF < DEA — indicates weakening bullish momentum and potential continuation of the downtrend.
Price Action
The failure to breach $0.9900 is critical. A rejection there would likely push price to retest $0.9266.
If $0.9266 breaks, next downside target is $0.8900.
