$ASTER – Bearish Channel, Watching 1.5850 ⚠️

[theSignalyst]

$ASTER is trading inside a descending channel and just bounced back into the 1.5850 supply / breakdown zone (light blue). As long as price is capped below this area and the upper red trendline, the bias remains bearish.

Plan

Preferred: Look for short setups on rejection from 1.5850–1.62 or the channel top.

Downside levels: $1.12 first support, then the $1.00 round-number zone.

Invalidation: A clean 4H close above the channel (and sustained above ~$1.62–$1.65) would neutralize the short idea and open room toward $1.80.

️ Disclaimer: This is not financial advice. Do your own research and manage risk.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.