I’m looking at your chart for ASR on the 15m timeframe. The price is consolidating after a strong drop, with a visible supply zone marked between 2.70 – 2.75 where sellers are sitting. Right now, price is trading near 2.49, holding in a tight range. This setup is giving me a clear idea of a possible bounce play with defined risk.

🔑 Trade Setup

Reason

I’m seeing that price is rejecting the 2.70 – 2.75 supply area and now consolidating at the lower levels. If buyers step in, a technical bounce can push price back toward recent liquidity zones. The consolidation also tells me sellers are losing momentum, so a risk-to-reward long setup makes sense here.

📍 Entry Point

I’m entering around 2.49 – 2.50 as price is holding this accumulation zone.

🎯 Target Point

First Target: 2.60 (safe booking zone near minor resistance).

Second Target: 2.70 (major supply zone).

🛡️ Stop Loss

I’m keeping my stop loss at 2.44 just below the support floor.

⚙️ Why It’s Possible

Consolidation after a heavy drop usually gives a bounce opportunity.

Volume profile shows sellers slowing down, meaning upside relief is possible.

The defined supply zone above offers a realistic target area.

Risk is only ~0.05 while reward is ~0.20, giving me a 1:4 risk-reward setup.

✅ I’m entering at 2.49

✅ Targeting 2.60 – 2.70

✅ Stop at 2.44

Let’s go and trade now $ASR