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ZaxTrader
Dec 2, 2023 4:23 PM

ASTRA Bullish Scenario Long

Astra Protocol / TetherKuCoin

Description

If both price and RSI support lines hold the upward movement will continue. Almost all technical indicators have positive signals. If positive news comes from the team, the momentum of the upward movement will increase. Since the Market Cap is low, there is an opportunity for high profits.

Comment

The price slidely moved under support line. Also RSI is under 50 on daily perspective. While there are coins that are technically in much better condition entering a new position for ASTRA is a bit risky. Using stop-loss for existing positions should be taken into account. If price drops under 0,005, there may be a possibility of to see a new dip. Hope it will not.

Trade closed: stop reached

Dropped below the support line. formation cancelled.
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