🔥 ASR Another Channel Trade

ASR has yet again touched the lower support of the channel. Since my last ASR trade was a major success, I'm confident there's room for another massive spike in the price soon. As you can see on the chart, ASR tends to spike up sometimes, this trade is partially based on that idea. The other part is the channel reversal, zoom out for a better overview.

My last ASR trade:

Before entering the trade, wait for the price to close above the entry line.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!