ASR has been gradually moving upwards in the last ten days or so, following a nice curved support at the bottom. Often, a slow and gradual increase in a certain crypto leads to a massive spike later down the road. This trade is made on that assumption.
On the chart I’ve marked two potential areas of support/resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.