$ASR - Long-Term Trading Setup 📈
$ASR shows a strong recovery movement after defending the demand zone 1.30-1.32 💪. The price reclaimed 1.36-1.38, indicating that buyers have returned to control, and continuation is possible if support holds.
_Market Structure_:
- Strong bounce from demand
- Higher low formation
- Bullish bias above key support
_Key Levels_:
- _Support_: 1.36 – 1.34
- _Key Support_: 1.30
- _Resistance_: 1.40 – 1.45
_Trading Setup_:
- _Entry Zone_: 1.36 – 1.38 📍
- _Take Profit Targets_:
- TP1: 1.40 🚀
- TP2: 1.45 📈
- TP3: 1.52 💥
- _Stop Loss_: 1.29 ⚠️
_Forecast_:
As long as $ASR remains above 1.34, the bullish continuation towards 1.45-1.52 remains valid. A confirmed breakout above 1.40 could bring stronger bullish momentum.
_Trading Tips_:
- _Discipline_: Trade with self-control and stick to the setup 📝.
- _Risk Management_: A stop loss should be set to protect capital ⚠️.
The currency shows potential for a rise with a strong upward movement likely 🚀.
