The recent trend of ASR has entered a typical dumping phase. From a technical perspective, the price and volume are completely mismatched - the high-level sideways movement has lasted for several days without generating any significant trading volume, which precisely reflects that the market maker is deliberately suppressing trading activity, waiting for catch a falling knife.

Yesterday's rebound was particularly weak. The key support line at 0.74 was repeatedly broken through, and it couldn't stabilize after multiple tests. What is even more problematic is that there is hardly any effective support below, and retail investors have long since fled. This high-level consolidation, which lacks trading volume support, usually indicates that the market maker is gradually dumping. Once positive news runs out, market sentiment will quickly turn. The risks of entering the market at this time are already quite evident.