Current Situation:
Price: 0.006068 (Down by -14.22%)
24h Low: 0.006010 — acting as support right now.
Williams %R: -97.14 — indicating the asset is in deep oversold territory.
Volume: Decreasing — showing selling pressure might be weakening.
Technical Analysis:
Bearish Possibility:
If the 0.006010 support breaks, price may go further down, possibly toward 0.005800.
Red candles are still dominating, but they're getting smaller — showing seller exhaustion.
Bullish Possibility:
If 0.006010 holds and a reversal happens, price may bounce back toward 0.00620–0.00630.
Currently, there is no strong bullish signal yet, but oversold indicators suggest a potential bounce.
My Opinion:
Market is slightly bearish to neutral in the short term, but due to oversold conditions, a bounce is likely soon.
Suggested Trades (Not Financial Advice):
Buy Entry: Near 0.006010 with a stop loss around 0.005900.
Sell/Short: If 0.006010 breaks with volume, consider shorting.
Target on Bounce: 0.006200 to 0.006300.
