$PLUME /USDT-Bearish Long Trade Setup.

Current Price: $0.0914

24h Range: $0.0894 – $0.1073

Support: $0.0894

Resistance: $0.1073

Plume's price has experienced a decline of approximately 5.2% over the past 24 hours, indicating a bearish trend.

🔢 Fibonacci Levels

Retracement Status: Completed

Key Levels:

0.236: $0.0950

0.382: $0.0900

0.618: $0.0850

The price has retraced to the 0.382 Fibonacci level, suggesting potential support around $0.0900.

📊 RSI (Relative Strength Index)

Value: 42

Interpretation: Neutral

An RSI of 42 indicates neither overbought nor oversold conditions, suggesting a balanced market sentiment.

🎯 Entry Zones

Safer Entry: $0.0900 (near 0.382 Fibonacci support)

Aggressive Entry: $0.0894 (if price holds above this level)

A safer entry point aligns with the 0.382 Fibonacci level, while an aggressive entry targets the recent support level.

💰 Take-Profit Zones

TP1: $0.0950 (0.236 Fibonacci level)

TP2: $0.1000 (psychological resistance)

Setting take-profit levels at these points allows for capturing potential price recoveries.

🛡️ Stop-Loss Ideas

Conservative: $0.0850 (below 0.618 Fibonacci support)

Tight: $0.0890 (just below recent support)

Implementing stop-loss orders at these levels helps manage risk in a bearish market.