$ASTER has completed the correction wave and is consolidating at significant resistance. The technical picture indicates a compression: repeated tests of the level 0.6650 while holding above the key moving average form an accumulation pattern. This is the phase where the balance of forces is determined before the next impulse. Volume and neutral RSI leave room for movement.
Entry: 0.6660
Targets:
TP1: 0.7000
TP2: 0.7400
TP3: 0.8000
Stop-loss: 0.5890
The logic of the scenario is disrupted only by losing the local minimum, which will transfer control to the sellers. Until then, the market is preparing for an attempt to rise.
Patience is rewarded not by waiting for movement but by acting after it is confirmed.
What is more important for confirming a breakout: closing the candle above the level or a pending order spike in the market depth?