$ASTER /USDT – Bearish Reversal Likely After Rejection (15M)
Market Structure & Context:
ASTER/USDT made a strong push toward the 0.97–0.98 resistance zone, but price failed to sustain above it. The latest candles show sharp rejection wicks and a pullback, followed by weak follow-through, indicating buyer exhaustion near resistance. This price behavior suggests distribution after the move up, increasing the probability of a short-term bearish reversal / corrective move.
Trade Setup (Bearish Bias)
Entry Range:
0.965 – 0.975 (sell on rejection / bearish confirmation)
Targets:
Target 1: 0.952
Target 2: 0.940
Target 3: 0.928
Stop Loss (SL):
0.988 (above recent high & invalidation zone)
Short Outlook:
As long as ASTER remains below the 0.98 resistance, upside continuation looks limited. The recent spike followed by rejection fits a post-pump distribution phase, where price often revisits lower demand zones around 0.95–0.93. A strong reclaim and hold above 0.988 would invalidate this bearish setup; otherwise, downside continuation is favored.
