almost 0.3$ already

NFP/USDT may rebound or is the current downtrend just the beginning of a deeper decline?

Overview

Resistance: 0.2713 (MA25) and 0.2785 (MA99), these are key levels that the price needs to surpass if it wants to return to an uptrend.

Support: 0.2599 (24-hour low). If this level is broken, selling pressure may increase.

RSI is approaching the oversold area, a short-term recovery signal may appear.

Trading volume is decreasing, reflecting cautious investor sentiment.

Trading Strategy

Entry Point: Consider buying at 0.2600 if the price holds support and trading volume increases again.

Take Profit: Target price range 0.2700 - 0.2750.

Stop Loss: Set Stop Loss at 0.2570 to limit risk.

Capital and Risk Management

Do not use more than 2% of trading capital for this trade to protect the account.

Closely monitor signals from technical indicators and price action.

Do you think NFP/USDT will soon return to the price area of $0.28, or will the downward pressure continue to dominate?
#NFP #CryptoAnalysis #TradingPlan