⚠️⚠️Quick Technical Analysis: ⚠️⚠️

Current Price: 0.2837 USDT

Drop in the last 24h: -20.11%

High in 24h: 0.3685 USDT

Low in 24h: 0.2512 USDT

High Volume: 159.33 million COOKIE (high liquidity)

RSI (6): 70.00 – This indicates that the asset is approaching the overbought region.

Chart Pattern:

The chart shows a strong drop after a peak at 0.3685, followed by a consolidation phase and now a strong green reversal candle from the low of 0.2512.

This candle may indicate the beginning of a short-term recovery.

Moving Averages:

The 5 and 10 period moving averages are close and may cross upwards, which is a technical reversal signal.

Recommendation: Cautious Buy

Yes, it is possible to consider a purchase, taking advantage of the reversal moment and potential recovery.

However, since the RSI is high (close to 70), it is recommended to enter with a small position and closely monitor the movement.

Use a stop loss below 0.25 USDT to limit losses in case the upward movement does not confirm.