$ASR Let's perform a basic technical analysis of the ASR/USDT chart on the 1-minute timeframe (1m) that you show, with the aim of identifying a possible winning entry.
Technical Analysis:
Current Price and Trend:
The current price is 1.383 USDT, with an increase of 21.53%.
The chart shows a recent downward trend, as the price has fallen from a high of 1.936 to the current level, breaking several supports (1.630, 1.390, 1.383).
Indicators:
EMA (Exponential Moving Average): There is a bearish crossover of the EMAs (blue and purple lines), confirming selling pressure. This suggests that the short-term trend remains bearish.
RSI (Relative Strength Index): The RSI is at 50.90, indicating a neutral zone. It is neither oversold nor overbought, so there are no clear signals of imminent reversal based solely on this indicator.
Volume: The volume has decreased in the last bars, which could indicate a reduction in selling pressure, but it is not enough to confirm a trend change.
Supports and Resistances:
Support: The level of 1.383 seems to have acted as a temporary support, as the price has slightly rebounded after touching it.
Resistance: The zone of 1.390 (psychological level and previous broken support) now acts as resistance. Higher up, 1.630 is another key resistance.
Price Patterns:
No clear reversal patterns (like double bottoms or hammer candles) are observed on the chart. The structure remains bearish, with decreasing highs and lows.
Winning Entry Strategy:
Given the context, a winning entry could be based on a rebound approach at support for a short-term trade (scalping), as we are on a 1-minute timeframe.
🟢 Entry (Buy):
Enter long (buy) if the price shows a confirmed rebound at 1.383, accompanied by an increase in volume and a clear bullish candle (for example, a bullish engulfing candle).
Suggested entry point: 1.385 (just above support to confirm the rebound).
📉 Stop Loss:
Place a tight stop loss below the support at 1.380 to minimize risk. This gives a small margin to avoid being taken out by volatility.
📈 Take Profit:
Aim for immediate resistance at 1.390, which offers a favorable risk-reward ratio (approximately 1:2).
If the price breaks 1.390 strongly, you could aim for 1.400 or even 1.630, but adjust the stop loss to protect profits.
Additional Confirmation:
Look for an increase in volume and an RSI that starts to rise from the neutral zone (above 50) to confirm the bullish movement.
If the RSI falls below 40 (oversold zone), it could be an additional signal that the price is ready for a rebound.
⚠️ Risks:
The 1-minute timeframe is very volatile, and movements can be erratic. You may face false breakouts or market noise.
If the price breaks the support of 1.383 with high volume, the bearish trend could continue, invalidating the entry.
Conclusion:
The best winning entry at this moment would be a buy at 1.385 after a confirmed rebound at the 1.383 support, with a stop loss at 1.380 and a take profit at 1.390. Monitor volume and RSI to confirm the movement. If you do not see clear rebound signals, wait for the price to better define its direction, as the trend remains bearish in the short term. Would you like to delve deeper into any aspect? ✍️
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