TOWNS/USDT - Oversold Bounce Play? ๐
Price is testing a key support level after a -4.8% drop. Volume is spiking, suggesting potential exhaustion of the sell-off.
๐ Setup: Long for a potential bounce โก Entry:$0.0216 - $0.0218 (Support Zone)ย
๐ฏ Target 1:$0.0225 (Local Resistance)ย
๐ฏTarget 2:$0.0230 (24h High Retest)ย
๐ Stop Loss:$0.02135 (Below 24h Low)
The Thesis:
ยท STOCHRSI (32.98) is in oversold territory, hinting at a possible reversal.
ยท Massive volume spike (18.5M vs 8.9M MA10) often precedes big moves.
ยท Price is sitting right on the 24h Low support.
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