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Astrusdtshort

ASTRUSDT on way to daily support after hitting weekly resistanceThe price was rejected from weekly resistance which caused the price to move down and yesterday's across the market drop brought this one quickly to the next strong daily support. This daily support is very strong one as its the accumulation zone before this move up to the weekly resistance zone. Therefore we see a spectacular result of the price hitting this support and the price bounced vehemently to the weekly resistance again in no time. However, the price again got rejected from that weekly support and it is now trending downward again. I think a long trade is not favorable here. The probability kind of favoring short trades on this one at the moment at. On smaller time frames definitely some long opportunities can be exploited. I think it is likely that the price will visit usual daily support area. A bounce can be expected from there and a long trade is favored from there.
Short
by angela_altair

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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