$ASR saw a very sharp upside move and now the market is cooling down.
Price is around 1.46 after a strong rally from 1.11 to 2.12. That move was aggressive and emotional, so this pullback is not a surprise. Price is now stabilizing near the 1.45 to 1.50 zone, which is acting as an important support area.
On the 4H timeframe, momentum has slowed but the structure is still trying to settle. Sellers are active, but the drop is losing speed compared to the first rejection from the top. This shows the market is digesting the big move.
If this support holds, a bounce toward 1.60 and then 1.75 is possible. A strong recovery above that can bring buyers back with confidence. If 1.45 breaks, price may slide toward lower support levels.
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