$ASTR /USDT Urgent Signal Alert‼️‼️‼️
Current Price: $0.0680
Direction: Short
Entry Point: $0.0680 (current price)
Stop Loss: $0.0695 (approximately 2.2% above entry to manage risk)
Take Profit: $0.0650 (near support, approximately 4.4% gain)
Technical Analysis:
1. Daily Chart:
- The price has been in a three-day uptrend and appears to have reached a resistance zone near $0.0685.
- Indicators such as RSI are showing signs of overbought conditions, suggesting a reversal is likely.
2. 15-Minute Chart:
- Two consecutive bearish candles indicate strong selling pressure.
- The 9-EMA has crossed below the 21-EMA, confirming a shift to bearish momentum on this timeframe.
3. Volume:
- Declining volume during the recent uptrend indicates weakening buying interest.
Short Setup:
- Reason: The rejection at resistance and the bearish signals on the 15-minute chart suggest a short-term reversal is underway.
Alternative Long Signal (if invalidated):
- Entry Point: $0.0690 (if price breaks above $0.0685 resistance).
- Stop Loss: $0.0675 (below the breakout point).
- Take Profit: $0.0710 (testing the next resistance level).
- Reason: A breakout above the resistance zone would invalidate the bearish setup and signal further upside.
Risk Management:
- Use no more than 2% of your account balance per trade.
- Monitor key levels closely, especially the $0.0685 resistance and $0.065 support zones.
Signal Validity: Until the price moves significantly away from $0.0680 or the trend direction changes.