đ¨ AST Technical Analysis Update đ¨
âĄď¸ AST Rejection & Consolidation: Whatâs Next?
After a sharp rejection from the resistance zone, AST is back in consolidation mode, moving between a key support zone and resistance level. This could present an exciting opportunity for a well-timed long trade! Letâs dive in:
đ Current Setup:
Major Support Zone: $0.073 - $0.080Resistance Zone: $0.097 - $0.100
đ Trade Idea: Go Long Near Support
The price is hovering around the support zone, showing strong buyer interest. A long position near this level could offer a solid entry point, targeting the resistance level for profits. đ
đŻ Target Profit (TP) Levels:
Aim to take profits as AST approaches the resistance zone of $0.097 - $0.100, where prices have previously faced strong selling pressure.
đ Key Takeaways:
Look for long entries around the support zone ($0.073 - $0.080)Plan to exit or take profits near the resistance zone ($0.097 - $0.100)Watch for a breakout, but be cautious of another rejection if resistance holds!
đĄ Pro Tip: Stay patient for the right setup and always manage your risk with proper stop-loss placement. This could be a great opportunity to ride the next wave up! đ
Keep your eyes on the charts and trade smart!
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