Will $S Hold Above 0.29 Support and Trigger a Recovery?

$S is consolidating near $0.297 after a sustained downtrend from the $0.4189 high, with strong support forming around $0.290. On the 4-hour chart, RSI indicators show a mildly oversold reading (RSI(6): 34.1), hinting at potential seller exhaustion and the possibility of a short-term bounce if support holds.

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Trade Setup – Support-Based Rebound Play

• Entry Zone: $0.295 – $0.300

• Stop Loss: $0.288

• Target 1: $0.307

• Target 2: $0.316

• Target 3: $0.324

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✅ Confirmation Trigger:

A bullish close above $0.303 with rising volume would confirm rebound momentum toward higher resistance levels.

⚠️ Risk Note:

If $S breaks below $0.288, bearish continuation could extend toward $0.283 – $0.280, invalidating the recovery scenario.

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