$ASTER Market Pulse: Short Liquidations Signal Bullish Reversal!
A notable $6.60K in ASTER short positions were liquidated at $1.04284, signaling that bears might be losing control. This sudden squeeze reflects renewed buying pressure and a possible shift in market sentiment toward the upside.
Market Snapshot:
Current Price Zone: ~$1.04
Immediate Support: $1.00 — a critical psychological and structural floor where buyers are likely to defend.
Next Resistance: $1.08, followed by $1.12 — zones to watch for profit-taking or potential breakout confirmation.
Market Insight:
The liquidation event indicates short traders were caught off guard, likely triggering a short squeeze that could propel ASTER higher if momentum sustains. Increased volume and liquidations often mark the beginning of a new bullish leg, especially when occurring near a strong support base.
Trading Plan:
Buy Entry (Aggressive): $1.03–$1.05 (on confirmed retest)
Target 1: $1.08
Target 2: $1.12
Stop-Loss: Below $0.99 (to manage downside risk)
Outlook:
Momentum is tilting toward the bulls, and if ASTER maintains above $1.04, it could attract more breakout traders. A sustained close above $1.08 would open the door to a potential short-term rally toward $1.15+.
ASTER is showing strength — traders should watch for a breakout confirmation as liquidations fuel the next upward wave.
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