P🅰️🇺🇦 retweeted
$ASTS (7/10) — this is a textbook pin candidate at $85.
Spot is sitting almost right on the max pain strike, so the cleanest read is a hold-and-pin unless price starts accepting above it.
At 83 max pain and 85 spot, $ASTS is only about $2 above the level, which keeps the magnet case alive into expiry.
> Call pain ramps hard above $90, so the upside only gets interesting if bulls can reclaim and hold above that pocket.
For me, this is a pin first, squeeze second setup until we clear $90.
But boy-o-boy could we launch if we do.
Jul 3
$ASTS (monthly) — We’re looking at the monthly chart today since we have an extra day with markets closed.
> I mean, this one respected the boundaries on the monthly like Chicago respects MJ.
We tested the $131 resistance and bears took over, then we tested the $63 support below and bulls took over.
I did my buying, and right now we’re simply in the middle of a range, which is never a setup for me.
I would buy again around support and probably trim a bit around resistance, as that already marks a 100% swing from the support below.
Nothing really worries me, to be honest — solid chart and clear structure.
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