After the AST callback, can the short-term rise restart?

Market Analysis

AST has recently slightly retreated from a high position and is currently fluctuating in the 0.12 area. From the moving average trend, the short-term moving average is still upward, but the trading volume has shrunk, and the market is in a strong wait-and-see mood, with increasing short-term long and short divergences.

Support and Resistance Levels

• Support Levels: 0.1210, 0.1140, 0.1060

• Resistance Levels: 0.1290, 0.1350, 0.1430

Short-term Trading Strategy:

• Entry Point: 0.1210

• Add Position Point: 0.1140

• Stop Loss Point: 0.1050

• Take Profit Targets: 0.1290, 0.1350, 0.1430

My Prediction

AST may have a slight rebound after the short-term callback, but the upward momentum is insufficient. It is recommended to mainly buy on dips with light positions to test the waters and wait for the market to further confirm the increase in trading volume.

【Welcome to follow, don’t get lost. Every day, we analyze the trends and points of mainstream cryptocurrencies and popular altcoins. Wishing everyone prosperity and a prosperous year together!】$AST