$C/USDT – Massive Drop, Early Signs of Short-Term Reversal

Current Price: $0.2936

Down 42.32% in 24h – heavy capitulation.

Just bounced from local bottom $0.2725, reclaiming mid-Bollinger band.

🔍 Key Observations:

RSI(6): 59.9 – recovering but not overheated yet.

MACD turned positive, showing first bullish crossover after downtrend.

Bollinger Bands widening → volatility returning.

Volume spiked on the bounce → buyers stepping in after panic sell.

🔮 Trend Prediction

Short-term bullish rebound in progress.

If price holds above $0.2900, expect test of upper band near $0.2980–0.3020.

But overall trend is still bearish — this is likely a relief bounce, not a reversal (yet).

⚙️ Trade Setup

Entry Zone $0.2910 – $0.2940

Stop Loss Below $0.2820 (below structure)

Take Profit 1 $0.2980 (upper Bollinger)

Take Profit 2 $0.3050 (previous support flipped)

✅ Strategy Summary

Possible scalp long if $0.2900 holds.

Monitor closely: break above $0.2980 could extend to $0.31

But macro trend remains weak → treat this as a short-term countertrend play.

🔥 If you appreciate these quick-turn scalping setups —

Like, Share, Comment, and Follow for more trades with tight entries and clear risk levels.

Let’s ride the volatility smartly. 💹