#aster
The price is currently trading in the upper half of the channel, above the pivot point (0.9505), and shows positive momentum with a strength index at 58.49
The price faces immediate resistance at 0.9706, and breaking above it and holding is essential to confirm the resumption of the upward movement and targeting the previous peak of 0.9850
The market maker is currently testing the buying strength in the current area. A failure of the upward breakout would mean returning to test the critical support at 0.9505.
Failure of the upward movement and starting a downward correction
"Excellent" sell recommendation (break of the pivot)
Trade: Sell ASTER - Excellent entry (confirmation of correction)
Entry: Break and hold below 0.9705 (pivot point)
Stop loss: 0.9797 (returning above the current price)
Market maker's target: Pushing towards structural support
First target: 0.9305 (lower bound)
Second target: 0.9127 (last visible bottom)
The most important point is 0.9505. As long as the price is trading above it, the short-term trend remains bullish. Breaking it is a clear signal to start a deep correction
The closest scenario currently is attempting to test the resistance at 0.9706. The price reaction at this level should be monitored
