$USTC /USDT

USTCUSDT

Perp

0.006663

-13.05%

Daily Timeframe: Overall trend still weak but price is near a strong support zone after a sharp correction

4H Timeframe: Selling pressure slowing down and candles showing base formation

1H Timeframe: RSI is oversold and price is trying to stabilize near local support

Long Signal

EP (Entry Price): 0.00750 – 0.00765

TP1: 0.00810

TP2: 0.00860

TP3: 0.00900

SP (Stop Loss): 0.00720

Price has dropped strongly and now trading near demand area. RSI is oversold which often gives a short term bounce. MACD selling momentum is fading and small consolidation is visible. A careful long can be planned from support with strict stop loss and step by step targets. Risk management is important.