Let's be real โ a LOT of people are about to hit that sell button $ASTER ๐
So what happens to price? Let's break it down ๐
๐ Current Setup:
๐ต Price: $0.937
๐ด Trading just below descending trendline
โ ๏ธ Approaching resistance zone: $0.975โ$1.000
The chart is screaming potential rejection here ๐
๐ฏ Bearish Scenario:
Price tests resistance $0.975โ$1.00
Gets rejected (airdrop sellers pile in)
Drops toward support at $0.817
๐ Key Levels to Watch:
๐ด Resistance: $0.975โ$1.000
๐ด Major resistance: $1.082
๐ข Support target: $0.817
๐ข Previous low: $0.882
The descending structure is still intact. If we see rejection at resistance + volume spike from airdrop dumps? That $0.817 target becomes very real ๐
โก My take: $180M worth of tokens hitting the market is NOT bullish, at least short-term. Watch for exhaustion signals near resistance before entering any positions.
This could be a textbook sell-the-airdrop event ๐โก๏ธ๐ธ
What's your play? Selling into strength or buying the dip later? ๐ค