is it advisable to buy broccoli now?

$BROCCOLI714
Technical Analysis for BROCCOLI714/USDT:

🧠 Technical Analysis:

Current Trend: Strongly bearish, as evident from the continuous sharp downward candles.

24-hour Decline: More than -11%, indicating strong selling pressure.

Nearest Support Areas:

0.04106 USDT: First support currently being tested.

0.03992 USDT: Very important second support, if broken, the decline may continue.

Nearest Resistances:

0.04250 - 0.04300 USDT: First resistance area after any rebound.

0.04450 USDT: Important second resistance reflecting the strength of sellers in the previous period.

Demand and Supply Indicator (Buy/Sell Orders):

Buy Orders = 52.30%

Sell Orders = 47.70%

This indicates a slight inclination towards buying but is still insufficient to reverse the trend.

🎯 Targets in case of a rebound:

TargetExpected PriceConditionTarget 1
0.04250
USDTShort-term resistanceTarget 2
0.04400 USDTMedium resistance if the upward movement continuesTarget 3
0.04600 USDTRelatively long-term target requiring strong momentum

🔻 Stop Loss:

0.03950 USDT: Breaking this level may open the door for a new decline, and it's preferable to exit the trade in anticipation of larger losses.

📝 Advice:

It is not recommended to enter a buy trade now unless a rebound is confirmed above the level of 0.04160 - 0.04200 USDT.

If the decline continues below 0.04000 USDT, it is preferable to wait for a new bottom and enter from there.