📉 Current Situation
- Price: $0.6487 (-36.75% from the 24h maximum).
- Key levels:
- Support: $0.6409 (24h minimum).
- Resistance: $0.7661 (EMA 50) and $1.3774 (24h maximum).
- Indicators:
- MACD: Histogram is close to zero (-0.0022), a reversal is possible.
- RSI(14): 19.4 (oversold), which may signal a correction.
- EMA: Price below EMA(9, 20, 50) — bearish trend, but RSI indicates a possible bounce.
🎯 Strategy
1. Bounce Scenario (Buy Dips)
- Conditions for entry:
- Confirmation of growth: closing a candle above $0.6500 + increase in volume.
- RSI(14) > 30 (exit from the oversold zone).
- Take-profit: $0.7661 (EMA 50) or $0.9343 (Fibo level).
- Stop-loss: $0.6300 (below the minimum).
2. Resistance Breakout (Breakout)
- Conditions:
- Price overcomes $0.7661 with a volume > $25 million USDC.
- MACD moves into positive territory.
- Take-profit: $1.0902 (next resistance level).
- Stop-loss: $0.7400.
3. Conservative Approach (Wait & See)
- If the price does not hold above $0.6500, a test of $0.6409 is possible. Entry — only on a bounce from support with confirmation (e.g., doji/hammer on the 1h timeframe).
📊 Risk Management
- Do not risk more than 1-2% of your deposit on a trade.
- Use trailing stop after reaching the first TP.
🚀 Why could this soar?
- Oversold (RSI < 20) + volumes above average ($24 million) — potential for a sharp bounce.
- Major players may enter long at these levels.
📌 Important!
This is an educational analysis, not an investment advice. Trade consciously, check signals, and manage risks.
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Data is relevant as of 2025-05-31.
