EN/USDT (4H, Binance) has dropped sharply from its August highs and is now trading at 0.1149, a zone where I see a possible technical bounce.
📌 Context
Price is still below a descending trendline, so this bounce would be counter-trend and needs to be managed carefully.
Stoch RSI (3,3,14,14) is in extreme oversold territory (~1.77 / 20.18).
STC (12,26,50) is at its lows (~10), with potential to turn upward.
Price is at a multi-week low, with a possible reaction from buyers.
🎯 Trade Plan (Long)
Entry: 0.1149
TP1: 0.1352
TP2: 0.1828
Conservative SL: 0.0939
Wide SL: 0.0466
The risk/reward depends on which stop you use. With the SL at 0.0939 and TP1 at 0.1352, it's roughly 1:1; with TP2 at 0.1828, it rises to over 3:1.
⚠️ Invalidation
A 4H candle close below the stop invalidates the idea. Until price breaks the descending trendline, the bounce may be short-lived, so I recommend taking partial profits at TP1.
💬 What do you see? Bounce or bearish continuation? Let me know in the comments.
This is only my personal analysis and not financial advice. Do your own research and manage your risk.
