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#数字货币市场调整 The recent trend is indeed not very optimistic.
From a technical perspective, the price has been clearly suppressed at the level of $1.160, and the upward structure on the 1-hour timeframe has collapsed. The momentum indicators have also weakened, and market sentiment is generally bearish. Although there are quite a few people shorting the market now, theoretically, there is a possibility of a short squeeze, but in the short term, this overwhelmingly bearish atmosphere is likely to continue pushing the price downward.
The current market seems to be operating on a "bounce-back—pullback—new low" rhythm. If you are inclined to short, you might consider this kind of thinking:
You can establish an initial short position in the range of $1.132 - $1.145. Once the price rebounds to around $1.150 - $1.160, it would actually be a good opportunity to add to your position. However, be sure to set a stop-loss above $1.160 and don't go against the trend.
On the downside target:
- The first level looks at $1.085, you may consider taking some profits first.
- Second level $1.035, continue to reduce positions
- If it really falls to $0.950, we can basically call it a day.
In simple terms, ASTER is currently on the weaker technical side, having failed to stabilize since dropping from the high of $1.16. Although there are many short sellers, the downward trend is a fact. The strategy is to short on rallies, testing around $1.13, and if it rebounds above $1.15, continue to add. Remember to control risks and set a stop loss above $1.16.
When the market gives direction, following it is usually wiser than questioning it.