$ASR /USDT – Bearish Structure with Lower Highs
Trade Type: Short
Entry: 1.225 – 1.240
Stop Loss: 1.265
Take Profit 1: 1.200
Take Profit 2: 1.170
Take Profit 3: 1.130
Price is trending downward after a sharp rejection from the 1.285 high, forming consistent lower highs and weak recovery attempts. The overall structure reflects sustained selling pressure.
Supertrend remains bearish and is acting as dynamic resistance around the 1.235 zone, limiting upside continuation. Current price action near 1.22 shows consolidation within a downtrend.
Seller dominance is evident with repeated rejection near resistance and lack of strong bullish momentum. Any move into the entry zone is likely to face selling pressure, targeting lower support levels.
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