🚀 ASTER: Explosive rise or trap?
📊 Click 👉 $ASTER 👈 for the current chart.
As the market sinks into "Extreme Fear" (Index: 8), ASTER soars by +15.65% to $0.63. Peak or the beginning of a Short Squeeze?
Fact analysis:
🔥 Technical "Overheating".
RSI-6 (95.6): Extreme overbought condition. The risk of a correction is high.
Breakout: The price broke the resistance at $0.6215 and tested the psychological level of $0.63.
Trend: Firmly above EMAs (7/25/99), bullish momentum is present.
🐳 Whales against the Crowd
"Smart money" bets against the trend:
L/S Ratio fell to 0.1142. Whales increased short positions to 90.6M ASTER.
Squeeze Risk: The primary bearish wall is at $0.6842. A breakout there will force the closing of millions of positions and a parabolic jump.
📊 Institutional interest
Despite the short positions, we have a net inflow of $3.55M and significant buying volume. $ASTER clearly outperforms $ETH in strength.
🎯 Trading plan:
Support:
We are looking for a hold above $0.600-$0.605 for a target of $0.645.
Important:
The level of $0.6842 is critical.
A retest there will decide the battle between bears and bulls.
⚠️ Manage risk wisely!
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