🚨 Supra Market Update: Searching for the Bottom 🚨
📉 Supra (SUPRA) continues its downward trend, currently trading near its recent lows. The price lost key support at $0.86 and is now hovering around the $0.54-$0.56 zone, raising the question: Is this the bottom, or is more downside coming?
Market Overview
💰 Market Cap: $65M (shrinking)
📊 24H Trading Volume: $4.7M (very low)
🔻 Trend: Strongly bearish, forming lower lows and lower highs
Price Levels to Watch
🔻 Current Price: $0.54 - $0.56
📍 Short-Term Support:
$0.54 - $0.50 (Possible swing trade zone)
$0.47 - $0.50M market cap (Potential next downside target)
📈 Possible Upside Targets:
$0.64 - $0.70 (Short-term bounce)
$0.78 - $0.89 (Larger recovery if volume increases)
Trading Strategy
⚠️ High Risk! The trend remains bearish, and Supra is still searching for a confirmed bottom.
✅ Short-term traders could consider buying near $0.54, with a tight stop-loss 2% below to limit risk.
🚨 If volume remains low, expect further decline toward $0.47 or even $0.39.
Final Thoughts
🛑 Supra is still in a downtrend, and a real bottom has not yet been confirmed. The market structure suggests more downside risk, but a short-term bounce to $0.67-$0.70 is possible.
📢 Always use stop-losses and manage your risk carefully! Stay tuned for further updates.
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