$ASR Trade Setup
Trend: Strong downtrend since the 13th, with lower highs and lower lows.
Moving Averages:
Price is below 7 MA (3.465) and 25 MA (3.454) → bearish.
99 MA (5.438) is far above price → confirms longer-term downtrend.
Candles: Recent bounce failed to break above MA resistance, showing sellers are still in control.
Bias:
👉 Short bias (bearish)
Price rejected near 3.45–3.50 zone (MA cluster).
Unless price closes above 3.50, trend remains bearish.
✅ Potential Trade Setup (Short):
Entry: 3.30 – 3.40 (after rejection confirmation)
Stop Loss: 3.55
Take Profit:
TP1: 3.10
TP2: 2.90 (if sell-off continues)
⚠️ Note: If it breaks and holds above 3.55, short setup invalid → possible reversal.