$ASR phpas rallied into a key supply zone near $8.30–$8.48, where sellers previously dominated. The current rejection wick on the 15m chart suggests a potential pullback as buying momentum weakens. Bears may take control if price fails to reclaim and hold above $8.48.
Trade Setup (Short)
Entry Zone: $8.27 – $8.30
Take Profit 1: $7.92
Take Profit 2: $7.60
Stop Loss: $8.49
Market Outlook:
Short-term sentiment leans bearish below $8.30. A break under $7.92 could accelerate downside toward $7.60, while a decisive close above $8.48 would invalidate the setup.
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buy and trade here on $ASR