🚀 ASTER Long Position Focus 📈
Trading Plan:
Bias: Long
Entry: 0.7300 - 0.7500
Stop Loss: 0.6900
Take Profit 1–3: 0.8500 / 0.9560 / 1.0181
Technical Analysis:
The daily chart shows that the price is in a long-term downtrend and currently, technical indicators are in an extremely oversold condition. The Relative Strength Index (RSI) has fallen below 30, indicating that selling pressure may have been exhausted, creating conditions for a potential technical rebound. The price is testing the lowest point area in months, which could become a key support level. A confirmation signal for a bullish reversal would be for the price to stabilize at current levels and begin to rise, reclaiming the short-term moving average (EMA7) resistance around 0.8500.
Failure Condition:
The long position setup will only be invalidated if the daily close falls below 0.6900.
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