$ASR /USDT – Bearish Trend Continuation!

Momentum Analysis:

ASR/USDT is currently experiencing a bearish retracement, following a -2.37% drop. With the price hovering around $1.19, it remains under pressure, nearing key support levels. The 24h low of 1.177 could provide a short-term floor, but further downside is possible, given the current market sentiment. Volume has been strong, with 1.12M ASR traded, and 1.36M USDT exchanged.

Short Setup:

Entry Zone: 1.19 – 1.20

Targets:

T1: 1.17 (near 24h low)

T2: 1.14 (potential further pullback)

T3: 1.10 (next major support)

Stop Loss: 1.23 (breakout above recent resistance)

Breakout Confirmation Level: 1.237

Key Support: 1.177

Pro Tip for Traders: Keep an eye on the market’s reaction around the 1.177 support. If the price breaks below, expect further downside with potential volatility. Use a trailing stop to capture moves if momentum continues to shift.

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