ASR is on a powerful run, up over 38% and breaking key resistance levels. The price is trading well above its moving averages, signaling strong bullish momentum. Here’s a potential setup:
Entry: Look for a retest of the $1.75 - $1.80 zone as new support for an optimal entry, or enter on a pullback that holds above the MA(7) at $1.58 for a higher conviction trade.
Take Profit: Set TP1 at the recent high near $1.87**. TP2 can be projected toward the **$2.00 - $2.10 psychological and extension zone.
Stop Loss: To protect against a fake breakout, place your stop loss below the $1.43 level, which is near the MA(25) and a previous consolidation area.
Volume is confirming the move, but always be cautious after such a sharp rally. Trade with a clear plan and strict risk management. The trend is your friend until it ends.
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ASRUSDT
Prep
1.893
+36.48%