ASTER Short Setup | Simple Dow Theory in Action

5일 전

Description:
According to Dow Theory, the market defines a downtrend when it consistently forms Lower Highs (LHs) and Lower Lows (LLs) — and that’s exactly what #ASTER is showing on the 4H timeframe.

The price has broken below the previous LL, confirming a continuation of the bearish structure. This breakdown gives a strong technical confirmation for a potential short trade at the current market price (CMP).

I’ll be watching for:

Sustained price action below the recent LL

Retest rejection for entry confirmation

Strict risk management to protect capital

Remember, even strong projects experience healthy corrections — #ASTER remains a fundamentally solid coin, but the technical are favoring bears in the short term.

What’s your view on this setup? Are you taking the short or waiting for a reversal signal?

#ASTER #CryptoAnalysis #DowTheory #PriceAction #ShortSetup #4HChart #BearishTrend #CryptoTrading #TechnicalAnalysis #TradingViewCommunity

5일 전

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