ASTER's performance in the past 24 hours has been quite good, rising about 11.40%. However, from a technical perspective, although the short-term momentum is still quite strong, the problem is that the price has already surged to the 24-hour high near 0.7950, which has become a wall.



Careful examination of the price movement shows a relatively obvious upper shadow at the 0.7950 level, which is a typical resistance signal. In other words, the upward momentum may be running out of steam.

Therefore, it is advisable to be more cautious in operations. For short-term trading, taking profits directly at the 0.7950 high is smarter; don't be greedy. Keeping position size below 30% is safer. If the price really moves down, set the stop-loss at 0.7500.

Simple summary: Take profits when the trend is good, control risks, and don't let previous gains go to waste.
ASTER1.43%
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SigmaValidatorvip
· 8h ago
0.7950 this wall really can't be broken through; taking profits when the time is right is the way to go. --- ASTER's increase is good, but that upper shadow signal... still need to be cautious. --- Another pattern of rising sharply and then falling back. This time I learned my lesson and took profits directly. --- 30% position + .7500 stop loss, stability comes first, don't be greedy. --- Agree, this position is indeed the right time to exit, don't wait for it to turn around and hit you. --- Rapid gains aren't necessarily a good thing; sometimes it's better to take it slow and last longer. --- If .7950 can't hold, just drop to .75. Setting a stop loss in advance makes you feel more secure. --- A 11.4% increase should be enough; greed often leads to big losses. --- Exactly, technical resistance is right there; not respecting it will lead to losses sooner or later. --- I just want to ask, after taking profits, can I chase again? Feels like there's still a chance.
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MemeKingNFTvip
· 8h ago
0.7950 this wall really can't hold up, the upper shadow has appeared, a typical "last gasp of a dying horse," I already said this rally is a bit fake.
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OnchainDetectivevip
· 8h ago
I saw that 0.7950 upper shadow a long time ago, a typical sign of selling pressure... According to on-chain data, the capital flow behind this rally is a bit interesting. I need to consider whether this is a genuine breakout or a false signal.
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