$COMMON/USDT LONG TRADE SETUP
$COMMON is currently trading at 0.001803, showing signs of a potential bottom after a massive 97% correction from its all-time high. While the delisting of the Futures Perpetual Contract on January 30th has caused significant panic selling, the spot price is approaching a historical "oversold" zone on the 4H and Daily timeframes. Buyers are beginning to step in near the 0.00175 support level, anticipating a relief rally or "short squeeze" as traders close out their shorts before the futures market closes.
Target Points
TP1: 0.00220 (rezistență imediată/nivel de ușurare)
TP2: 0.00270 (zonă majoră de lichiditate)
TP3: 0.00315 (retestare a maximului pe 24h)
Stop Loss
SL: 0.00160 (Sub nivelul minim istoric actual pentru a reduce riscul de lichidări finale)
Trade Insight: This is a high-risk "counter-trend" setup. The up
coming delisting of the futures contract often leads to a spike in price as short positions are forced to buy back the asset to close their trades. Keep position sizes small.
Buy and Trade here on $COMMON
#BinanceSquare #CryptoTrading #COMMONUSDT #LongSignal #RecoveryTrade