4H Support Level: 1.1734 USDT
4H Resistance Level: 1.2976 USDT
Current trend: Sideways with a downward trend
Summary of technical indicators:
1. Volume: Recent 4h candles have dropped sharply (the latest candle only 25.6M compared to the average ~100M) → indicating the market is hesitating, pausing at the current price range.
2. Cash flow:
Short term (1H-4H): Future has light buying cash flow (+2.67M → +2.09M) → there is some probing buying force.
However, 24h: -71.68M, net spot outflow -26.56M → overall selling pressure is still very large.
- RSI (14): 47.49 → neutral zone but leaning towards bearish, no clear direction yet
* Trade conclusion
Cautious short (Bearish bias)
Entry short $ASTER : Prioritize when the price retraces to the strong resistance zone 1.2850 - 1.2976 or when breakout breaks the low Entry 1.1734 with high volume
Stop-Loss: + 3.5% Entry
TP short :1.1150 - 1.1000
Note Warning: If $ASTER closes the 4h candle above 1.2976 (MA20) → the bearish scenario will be invalidated, may trigger a squeeze back up to 1.3467 (R1).