The chart is showing a classic 5-wave pattern emerging from a corrective flat consolidation. From a risk-reward standpoint, the entry conditions look compelling right now.
Here's what's happening: After the market completed its corrective phase, we're now seeing the impulsive move starting to unfold. The risk zone is tight, which means you can define your stop loss effectively while maintaining good upside potential. That's the kind of setup traders look for.
I've already taken a long position here. The chart structure supports further upside movement, assuming the 5-wave count develops as expected. Of course, wave analysis requires proper risk management—keep those stops in place in case the pattern invalidates.
If you're watching ASTER/USD, this could be worth monitoring for the next leg up.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
TrustlessMaximalist
· 01-10 12:53
The wave is rising again, and this time it feels different
View OriginalReply0
GhostAddressMiner
· 01-07 14:59
Before the 5-wave surge, the on-chain suspicious fund flow needs to be clarified. Who is secretly building a position?
View OriginalReply0
ForkLibertarian
· 01-07 14:52
The 5-wave is coming, and this time there's really something worth noting.
View OriginalReply0
OnchainHolmes
· 01-07 14:49
Once the wave rises to level 5, it's time to go in. Keep the stop-loss tight, and this wave feels stable.
View OriginalReply0
HashRatePhilosopher
· 01-07 14:49
Wave count feels a bit forced; I've seen this kind of pattern too many times.
ASTER/USD Technical Setup - Trading Opportunity
The chart is showing a classic 5-wave pattern emerging from a corrective flat consolidation. From a risk-reward standpoint, the entry conditions look compelling right now.
Here's what's happening: After the market completed its corrective phase, we're now seeing the impulsive move starting to unfold. The risk zone is tight, which means you can define your stop loss effectively while maintaining good upside potential. That's the kind of setup traders look for.
I've already taken a long position here. The chart structure supports further upside movement, assuming the 5-wave count develops as expected. Of course, wave analysis requires proper risk management—keep those stops in place in case the pattern invalidates.
If you're watching ASTER/USD, this could be worth monitoring for the next leg up.