$ASR USDT – BEARS DOMINATE AS FAN TOKEN SLIPS TOWARDS SUPPORT!
$ASR Make a post of technical analysis of the given chart, its headline shoud be in capital letters and it must contain the pair name in the start with $ sign and should be written according to market nextiCurrent Price: $1.91
24H Range: High $2.045 – Low $1.879
Volume: 543.8K ASR / 1.06M USDT
KEY LEVELS:
Resistance: $1.96 – Recent rejection zone, aligned with minor supply
Support: $1.86 – Key demand area, multiple previous rebounds
Secondary Resistance: $2.00 – Psychological barrier and previous breakdown point
TRADE SETUP – SHORT POSITION
Entry: $1.92 – On confirmation of rejection below $1.94
Target 1 (TP1): $1.88 – First short-term support
Target 2 (TP2): $1.84 – Extension to historical demand
Stop Loss (SL): $1.975 – Just above last major rejection zone
MARKET OUTLOOK:
ASR is under bearish pressure, dropping over 5% in the last 24 hours. With price consistently rejecting near $1.96 and struggling to hold $1.91, the momentum favors sellers. A breakdown of $1.86 could trigger further downside towards the $1.80s. Bulls need to reclaim $2.00 to shift sentiment.
RISK MANAGEMENT:
Stick to 1-2% max capital per trade. Always use a well-placed stop-loss. Wait for bearish candle confirmation before shorting to reduce false breakout risk.
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