$ASR Analysis – Rally Losing Steam or Just a Healthy Pullback? 🧐
$ASR has seen a recent surge but is currently retracing from its peak, trading at $1.775, up +2.96% on the day. Let’s break down what’s happening:
🕵️♂️ Chart Analysis (1H):
24h High: $1.850 (recent sharp spike)
24h Low: $1.698
Current Trend: Price surged to $1.850, but has since pulled back with several red candles, now stabilizing around $1.775.
The large wick at $1.850 hints at a bull trap or profit-taking zone.
Currently consolidating between $1.75–$1.78.
📊 Key Performance:
Today: +3.81%
7 Days: +11.02%
30 Days: +69.34%
90 Days: +24.95%
180 Days: -13.85%
1 Year: -53.57%
The longer-term trend remains bearish, but recent weeks show short-term bullish recovery.
📉 Order Book Sentiment:
Buy-side: 34.37%
Sell-side: 65.63%
Heavy selling pressure indicates traders may be locking in profits from the earlier spike.
📌 Support & Resistance:
Resistance: $1.80 and $1.850 (recent high)
Support: $1.75, then $1.72 and $1.698 (24h low)
🔎 What to Watch:
Whether it can hold above $1.75. Failure might lead to retest of $1.70.
Volume trend — a drop in buy volume might confirm the pullback.
If bulls step in again above $1.78, it could target $1.85 for a second test.
🧠 Conclusion: $ASR had a strong impulse move but is now in a correction or consolidation phase. Momentum is fading (per the sell-side dominance), so watch for either a bounce at support or breakdown confirmation before entering.
🔔 Caution: With long-term trend still negative, it's best to treat short-term pumps with care. Not financial advice — manage your risk accordingly.