$LTO Continue to decline or create a short-term bottom?

LTO/USDT is currently trading at 0.0590 USDT, down -7.38% in the last 24 hours. The main trend remains downward, but there are signs of overselling and a technical rebound may occur.

Analysis from technical indicators:

• Bollinger Bands: The price is closely following the lower band, indicating strong selling pressure. However, if a green candle appears with high volume, the likelihood of recovery will increase.

• MACD: The indicator is still in a downward trend, with no signs of crossing above the signal line.

• RSI: Currently in the oversold zone (below 30), indicating that recovery may occur if buying pressure increases.

• Trading volume: Increased sharply during the strong decline, which may be a sign of dwindling selling pressure or large exit pressure.

Suggested trading strategy:

📌 Conditions to buy:

• RSI exits the oversold zone and rises above 35-40

• A green candle appears with large volume

• MACD gradually narrows the gap with the signal line

📌 Actions:

• Entry point: Observe the range 0.0585 - 0.0590, if the price holds steady, consider buying.

• Target: 0.0615 - 0.0625 (near resistance zone)

• Stop-loss: Below 0.0575 if the price continues to decline deeply.

Conclusion:

LTO/USDT is in a strong downward trend but shows signs of being oversold. Investors should further observe the combination of RSI, MACD, and volume to confirm reversal signals before deciding to enter a trade. If a strong green candle appears with high volume, the likelihood of recovery will be more reliable.