AST bullish momentum building, can the upward momentum continue?
Key resistance apparent, is a breakout imminent or a consolidation phase?
Precise strategies exposed, easily grasp profit opportunities!
Market Analysis
AST is currently in a volatile upward pattern, with short-term moving averages providing strong support, and bullish power slightly dominant. However, market volume performance is somewhat lacking, and if it cannot break through the resistance level, it may enter a sideways consolidation phase.
Support and Resistance
• Support levels: 0.1200, 0.1100, 0.1000
• Resistance levels: 0.1350, 0.1450, 0.1570
Short-term Trading Strategy
• Open position: 0.1220
• Add position: 0.1150
• Stop loss: 0.0980
• Take profit: 0.1350, 0.1450, 0.1570
My Prediction
Currently inclined to go long, with clear upward momentum in the market. If it breaks the first resistance level, it may welcome a larger upward space. It is recommended to gradually accumulate long positions at lower levels.
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