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$ASTER Analysis:
First of all, as I've said in the previous days I don't think any charting is needed for ASTER.
I'm getting constantly asked what is my target for it, and the answer is I don't have a target.
It is a trade that you have to manage live imo.
During the year, there's plenty of opportunities to make money trading.
There's okay trades, good trades and really good trades. These trades are presented constantly, almost daily and weekly. These trades are the chance of jumping into a train and to ride it until your stop, where you leave the train and take a good amount of money with you.
And there's what I would call "Generational Trades".
These are presented only a FEW times a year.
These kind of trades are not trains, are rockets.
There are selected times during the year where a single trade will give you the chance of upgrading your port significantly if you play it well.
Some of these trades this year have been $HYPE, $TRUMP, $PUMP (after dump) among others.
I think $ASTER is one of these trades.
It's already confirmed that it is a rocket. Everyone had a good chance of getting in sub .3 with size and it has already almost hit a x7 from that entry.
There's people who got in even lower, (.1, .2, etc).
The thing with ASTER is that it is not a memecoin. It is not a "trend".
It's actually the chance of buying the token of a possible future solid and well backed DEX.
What's fueling this? Obviously CZ and Binance.
One of the richest persons on CT with the chance of pumping any token he wanted to + owner of one of the most important CEX in the world.
If you add to this, a solid project with good tokenomics + incentives to use, it makes $ASTER a really solid investment even at this point (imo).
95% of supply is aprox. controlled, which means actual circulating supply is way lower than most people think. This makes the token easier to gain % if it's correctly managed and not dumped on by the controllers.
For reference, $HYPE was at 1.81$ on 11/29 of last year.
On 12/16 it was trading for +28$.
ASTER has CZ and possibly BInance.
Of course is not the same. I know. But I don't care.
I'm not looking for $ASTER to win, I'm not looking for winners, losers, teams. I don't care about any of these team plays and battles $HYPE vs $ASTER.
The only thing I'm interested in is the best risk reward trade.
And with all these conditions, I think $ASTER is one of the best r/r trades of the cycle.
It has already been, and I expect it to keep going.
Personally I'm holding a good 7 fig positon with an avg. entry of .29$. I haven't sold a single cent and I'm planning to keep it like that for some time.
Yes the trade could also go wrong, and if I see things I do not like, I'll just cut.
Conviction =/= marrying your bag.
The trade could go wrong or take longer than I expect if ASTER fucked up with a bad management of the airdrop, if CZ stepped out or any other possible big bad management from the team.
I'm not expecting this to happen, that's why I'm holding my full position without selling.
Should you sell here?
Absolutely depends on what YOU need. You bought with a lot fo your port and you are up enormously?
I think you should sell AT LEAST a part to secure your port upgrade.
Should I buy here?
I think ASTER has much more potential for growth, if I was sidlined and wanted expo, I would wait for dips and start DCAing on every opportunity.
Dips are for buying imo. The best way to go is spot.
This is my current view on $ASTER 🫡
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