$ASTR ASTR/USDT Here's the technical analysis and strategy for the next 12 hours:
General Analysis
1. Current Price: 0.0660
2. 24-Hour High: 0.0706
3. 24-Hour Low: 0.0599
4. RSI: 69.44 (near overbought, indicating a potential correction soon).
5. MACD: Positive histogram with widening distance between the MACD and signal lines, indicating strong bullish momentum.
6. Volume: Significant increase in volume, supporting the price rise, but it may signal potential weakening after peak liquidity.
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Sell Entry Strategy
Sell Entry Level
Entry Level: 0.0700 (near the resistance level). If the price approaches or fails to break this level, it presents a selling opportunity.
Stop Loss
SL: 0.0710 (above the resistance to limit losses in case of a breakout).
Target Profit (TP)
TP1: 0.0630 (nearest support level based on MA-7).
TP2: 0.0600 (a psychological level that also serves as previous support).
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Caution
1. Sideways or Correction: RSI indicates near overbought conditions. The price is likely to consolidate or correct soon.
2. Volume Confirmation: Before entering, ensure the volume is decreasing to confirm weakening bullish momentum.
Use proper risk management when taking a sell position, especially since the overall trend remains bullish.