$COLLECT

COLLECT

Alpha

0.042094

-2.97%

Oversold Bounce, Bottom Found, Potential Reversal!

$COLLECT LONG

Entry: 0.04950 - 0.05150

Targets: 0.05500, 0.05900, 0.06300

SL: 0.04600

Leverage: 2x - 3x

Reason:

The price has dropped significantly and is now very far below its moving average lines, suggesting it is "stretched" and due for a bounce.

The RSI is very low at 31, which tells us the coin is "oversold" and sellers are likely exhausted.

We see Open Interest (green bars at bottom) increasing while the price stays flat, which means buyers are starting to build positions for a move up.

$COLLECT Is this the bottom of the dip?