#USCryptoReserve
S/USDT – Oversold Conditions & Potential Rebound Zone | Master Trade Setup 🔸
Overview:
$S is currently trading at $0.6782, down -7.85%, with a 24H high of $0.7833 and a low of $0.6725. On the 1H timeframe, (S) is in a strong downtrend, nearing key support after a sharp pullback from its recent high.
Technical Analysis:
Bollinger Bands: Price is at the lower band ($0.6629), indicating oversold conditions.
RSI (6): 16.36, extremely oversold, signaling a possible reversal.
MACD: DIF: -0.0146, DEA: -0.0083, MACD: -0.0062, bearish momentum still strong.
Volume: 4.16M S, declining, suggesting lower selling pressure.
MA (5 & 10): 5-MA ($3.76M) below 10-MA ($4.05M), confirming downtrend.
OBV: 49.49M, showing selling pressure.
Stochastic (K/D/J): K: 9.62, D: 10.98, J: 6.90, deeply oversold, hinting at a potential bounce.
Trade Strategy:
Support Zone: $0.6725 - $0.6600, must hold to prevent further decline.
Resistance Levels: $0.7145, followed by $0.7532.
Stop-Loss Placement: Below $0.6600, to minimize risk.
Master Trade Setup 🔥
Scalping: Buy $0.6750, target $0.7000, SL $0.6650.
Swing Trade: Buy $0.6600, target $0.7400 - $0.7700, SL $0.6500.
⚠Breakout Watch: A move above $0.7532 could trigger further upside.
Risk Management:
Risk only 2-5% per trade to protect capital.
Stick to the stop-loss to avoid major losses.
Maintain a 1:2 risk-to-reward ratio before entering.