if i buy it on 2.9 what are the chances of it to go above this rate

#layer
**Current Trend: Strongly Bearish**
1. **Price Decline**: **2.9808 (-8.50%)** – Sharp drop, indicating strong selling pressure.
2. **Below Key MAs**:
- Price is far below **MA(5) (3.0708–3.4598)** and **MA(10) (3.2005–3.4303)**, confirming a downtrend.
3. **Low Volume**: Current volume (**9,764.10**) is extremely weak compared to **MA(5) (229K)** and **MA(10) (462K)**, suggesting lack of buyer interest.
4. **Oversold Indicators (But No Reversal Yet)**:
- **STOCH RSI (14.61)** and **MA STOCH RSI (13.61)** – Deeply oversold, but no bullish crossover.
- **RSI(6) at 29.61** – Near oversold but not extreme.

**Key Levels**
- **Resistance (Sell Zone)**: **3.0708 → 3.2005 → 3.4303**
- **Support (Buy Zone)**: **2.8410 → 2.8115** (critical levels for a bounce or breakdown).

**Short-Term Outlook**
- **Bearish Continuation Likely**: Price is below all key MAs, and volume is weak.
- **Potential Rebound?** Only if:
- **STOCH RSI crosses above 20** (momentum shift).
- **Price reclaims 3.0708** (first resistance).

**Trade Strategy:**
1. **If Bearish Continues**:
- **Short/Sell Entry**: Near **2.9808–3.00** (if rejected).
- **Stop-Loss**: Above **3.0708**.
- **Target**: **2.8410 → 2.8115**.

2. **If Reversal Confirmed**:
- **Long/Buy Entry**: Only if price breaks **3.0708** with volume.
- **Stop-Loss**: Below **2.8410**.
- **Target**: **3.2005 → 3.4303**.