$ASR – Sharp Correction After Overextension
Market Overview:
ASR is witnessing a strong retracement of -10.61%, signaling that short-term traders are locking in profits after the recent rally. Despite the dip, volume remains active — showing that the market isn’t dead, just cooling off before the next push.
Key Support: $1.60
Key Resistance: $1.72
Next Move:
If ASR holds above the $1.60 support, we can expect a rebound toward $1.70+. But a breakdown below $1.58 could invite another leg lower.
Trade Targets:
TG1: $1.68
TG2: $1.74
TG3: $1.80
Short-Term Insight: Correction mode — possible bounce soon if support holds.
Mid-Term Insight: Bullish bias intact if price stays above $1.55.
Pro Tip: Watch for volume spikes around $1.60. If buying strength appears there, that’s your cue for a quick rebound trade.
