It looks like $ASTER has made a clear move to grab liquidity below the recent swing low and is now showing signs of reversal. This is a critical juncture.
The Bullish Scenario:
For the move higher to materialize, we must hold the ≈1.90 range on the 1-hour timeframe. This area (highlighted in the chart) is acting as critical support following the liquidity sweep.
Target 1: If ≈1.90 holds, we look for a push up to the first resistance zone at ≈2.16 (which represents a 12.73% move from current levels).
Target 2: A break and hold above the first target opens the door for a continuation to the upper resistance/supply zone around ≈2.45 (which is near the swing high and a ≈26.36% move).
The Bearish Scenario:
If we lose and close below the ≈1.90 support range on the 1H, it would invalidate the immediate bullish reversal structure. In this case, we would expect a continuation of the downtrend to test the major structural support zone around ≈1.55.
Trade with discipline and patience. Always manage your risk.
The Bullish Scenario:
For the move higher to materialize, we must hold the ≈1.90 range on the 1-hour timeframe. This area (highlighted in the chart) is acting as critical support following the liquidity sweep.
Target 1: If ≈1.90 holds, we look for a push up to the first resistance zone at ≈2.16 (which represents a 12.73% move from current levels).
Target 2: A break and hold above the first target opens the door for a continuation to the upper resistance/supply zone around ≈2.45 (which is near the swing high and a ≈26.36% move).
The Bearish Scenario:
If we lose and close below the ≈1.90 support range on the 1H, it would invalidate the immediate bullish reversal structure. In this case, we would expect a continuation of the downtrend to test the major structural support zone around ≈1.55.
Trade with discipline and patience. Always manage your risk.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.