$ONE ๐ฅ ONEUSDT | A possible rebound opportunity after a strong oversold condition! ๐
๐ Technical analysis โ 1-hour timeframe: The price is currently at 0.00077, and the coin is in a bearish trend, but the Williams %R indicator at -100 suggests a very strong oversold condition.
๐น Price is below MA7 = 0.00079 and MA25 = 0.00082 โ Selling pressure is still present.
๐น 0.00077 is an important current support.
๐น A breakout above 0.00082 and holding above it will be a better signal to start a rebound.
๐น Next resistance is around 0.00083 โ 0.00090.
๐ฏ LONG scenario after confirmation: ๐ข Entry: 0.00078 โ 0.00082 after a rebound/crossover candle appears
๐ฏ TP1: 0.00083
๐ฏ TP2: 0.00090
๐ฏ TP3: 0.00098
๐ Stop Loss: 0.00073
โ ๏ธ A break of 0.00073 with an hourly close invalidates the rebound scenario and may cause the price to retest 0.00068.
๐ Summary: Oversold is high, but donโt enter just because the indicator is at -100; confirmation above 0.00082 is the key.
#ONE #ONEUSDT #Harmony
๐ Technical analysis โ 1-hour timeframe: The price is currently at 0.00077, and the coin is in a bearish trend, but the Williams %R indicator at -100 suggests a very strong oversold condition.
๐น Price is below MA7 = 0.00079 and MA25 = 0.00082 โ Selling pressure is still present.
๐น 0.00077 is an important current support.
๐น A breakout above 0.00082 and holding above it will be a better signal to start a rebound.
๐น Next resistance is around 0.00083 โ 0.00090.
๐ฏ LONG scenario after confirmation: ๐ข Entry: 0.00078 โ 0.00082 after a rebound/crossover candle appears
๐ฏ TP1: 0.00083
๐ฏ TP2: 0.00090
๐ฏ TP3: 0.00098
๐ Stop Loss: 0.00073
โ ๏ธ A break of 0.00073 with an hourly close invalidates the rebound scenario and may cause the price to retest 0.00068.
๐ Summary: Oversold is high, but donโt enter just because the indicator is at -100; confirmation above 0.00082 is the key.
#ONE #ONEUSDT #Harmony