$XRP What are the differences between the consensus mechanisms of Proof of Work and Proof of Stake? Select all that apply.
The current price is around $3.64.
The price is very close to the support of the 99 EMA (the purple line at 3.6429).
The stochastic indicator has entered the oversold area (K below 30), indicating a good chance of a near-term upward rebound.
Quick recommendation:
Initial buy: around $3.63 ~ $3.64.
Stop loss: a clear 5-minute candle closing below $3.60.
First target: $3.68.
Second target (if the rise continues): $3.71.
Important note:
If strong support (3.60) is broken with high volume, it's best to exit the trade to avoid further decline.