$ASTER USDT PERP: KEY SUPPORT HOLDING — POTENTIAL REVERSAL IN SIGHT! LONG TRADE SIGNAL
Technical Analysis:
The ASTERUSDT Perp chart (15m timeframe) shows the price has dropped significantly from the 24h high of $1.5930 to retest a key support area around the $1.3500 mark before bouncing. Current price action shows stabilization and consolidation in the $1.41 area following the sharp drop. The long wick on the latest low indicates strong buying pressure stepped in, preventing a further decline. The immediate market action appears to be forming a base, which aligns with the "Long" signal on the chart. Traders appear to be accumulating near this low.
Trade Setup: Long
• Entry Price (Long): $1.4190 - $1.4250 (Near current consolidation and just above the last significant low)
• TP 1 (Target): $1.4500 (Retesting the immediate prior resistance/consolidation)
• TP 2 (Target): $1.4800 (Mid-range between the low and 24h high)
• TP 3 (Target): $1.5200 (Closer to the previous swing high)
• SL (Stop Loss): $1.3480 (Just below the established 24h low of $1.3500 to protect against a break of support)
Short Outlook of Market:
The broader crypto market is showing signs of high volatility and a short-term bearish correction phase across major cryptocurrencies, reflected by the significant $ASTER USDT price drop from its recent highs. However, the strong rejection at the $1.35 support suggests that for $ASTER #USDT specifically, there is immediate short-term interest from buyers in this area. A breakout above the immediate resistance levels could signal a strong relief rally, even if the overall market bias remains cautious in the very short term.