$ASTER 💲💯
/USDT pair has gained +15.07% over the last 24 hours, showing strong bullish movement. With a current support level around 0.535 and resistance at 0.631, there is potential for the price to continue its upward trajectory. The market shows promising signs of momentum continuation.
Key Levels
Support: 0.535
Resistance: 0.631
Next Target (TP): 0.638, 0.650
Stop Loss (SL): 0.600
Technical Indicators
RSI is above the 50 mark, confirming a bullish bias.
50 EMA remains above the 200 EMA, supporting a continuation of the uptrend.
MACD shows a bullish crossover, further validating the bullish outlook.
Market Bias
The market has broken past key resistance levels, suggesting a strong continuation towards 0.638 and possibly 0.650. Given the solid support at 0.535, further upside is likely unless there’s a sharp retracement.
Risk Management
Position Size: Keep risk at 1-2% of total capital per trade.
Stop loss should be placed around 0.600 to minimize downside risk.
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