๐ฅ $ASTER Bearish consolidation but I'd consider Scalp Long on 1-hour timeframe
While the overall trend remains bearish, multiple technical factors suggest an oversold bounce is probable:
1) The MACD bullish divergence
2) BOLL %B near lower band, and reduced selling pressure in short-term capital flows support a tactical long position.
Recent candles show volume spikes during downward moves, indicating capitulation events. Current volume normalization suggests selling exhaustion.
Entry long $ASTER :
Primary: Break above 0.6125 (with volume confirmation
Secondary: Bounce from 0.6059 (support) with RSI >40
Stop Loss: 0.590 - 0.5950 range
Target Levels $ASTER :
First target: at 0.6275 (resistance)
Second target: 0.6359 (next resistance)
Support me just Click below to Trade ๐ Cheers
The trade assumes a technical bounce to mean reversion levels rather than trend reversal.