ASTER has been tightening up on the daily chart and the structure looks like a classic descending wedge. This pattern often breaks upward after a long period of downside pressure because sellers start losing strength and price stops making clean impulsive drops.
Right now price is pressing into the wedge resistance. If we get a daily close above the upper trendline, that would be the confirmation signal and could open the door for a stronger move up.
Why this setup is interesting
The wedge structure is clean and well defined on the daily timeframe
Momentum looks like it is stabilizing after the extended sell off
The breakout level is very clear which makes risk control easier
If the breakout confirms, the risk to reward can be very attractive
What I am watching
Bullish confirmation comes from a daily close above the wedge upper trendline
After a confirmed breakout, price usually expands quickly toward the next resistance zone
If the breakout fails, expect more sideways consolidation inside the wedge
$ASTER
