The price is below the 20 and 50 period exponential moving averages, suggesting bearish pressure.
The recent key support is 2.0591 USDT.
The Stoch RSI is in the recovery phase, but still without a confirmed clear entry signal.
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✅ Key Zones to Consider:
🔹 Potential Entry Zone (buy):
Optimal buying zone: between 2.05 and 2.12 USDT, ideal if the price tests the support of 2.06 and shows reversal candles (like hammer or bullish engulfing).
Safer entry (confirmation): when the price breaks and closes above 2.24 USDT, surpassing the EMA(50) with volume.
2. Second target: 2.42 – 2.45 USDT (previous consolidation zone).
3. Extended target: 2.55 – 2.68 USDT if there is strong bullish momentum and favorable market.
🔹 Suggested Stop-Loss:
Below the recent support: between 2.01 and 2.03 USDT.
This gives a reasonable risk/reward (for example: risking 6 cents to gain 20-50).
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📌 Summary Plan:
Action Level (USDT) Condition
Aggressive Entry 2.06 – 2.12 In support zone with reversal candle Conservative Entry >2.24 Clear close above EMA(50) TP1 2.29 – 2.32 Partial TP2 2.42 – 2.45 Main TP3 2.55 – 2.68 If there is strong breakout Stop-Loss <2.03 Below key support
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🛠 Additional Recommendations:
Use moderate volume, as you are trading in the midst of a weak trend.
Check the volume: an increase in volume above the EMA(50) can confirm bullish strength.
You can use a Trailing Stop if the price exceeds 2.45.