$ASTER Breakdown Setup – Head & Shoulders in Play

ASTERUSDT Perp

Price: 0.7096

24H Change: -2.84%

A clean Head & Shoulders formation is developing right above the critical 0.70 support zone. This level has been defender multiple multiple times over the past week, but each bounce is showing reduced strength. Buyers are losing momentum, and reactions are getting weaker — a classic sign of distribution before breakdown.

Neckline: 0.70

Trigger: Clean 5m–15m close below 0.70 with volume expansion

Short Plan

Entry: 0.698 – 0.705 on breakdown or weak retest

Stop-Loss: 0.722

TP1: 0.680

TP2: 0.665

TP3: 0.650

If 0.70 fails, price likely rotates toward the 0.65 higher timeframe trend support. A large cluster of late longs entered around 0.75, creating heavy overhead supply. Every bounce is being sold into, adding constant pressure on the structure.

Bulls must defend 0.70 to maintain control. A decisive break shifts momentum fully to sellers and opens the path toward 0.65 liquidity.

Structure is weakening. Breakdown confirmation is key.