📉 $COLLECT Analysis: Testing Key Support Levels
Collect (COLLECT) is currently experiencing a correction, down -17.14% and trading at $0.0691. The 4H chart shows the price has pulled back to a critical liquidity zone near $0.0638.
📊 The Technical Setup:
Entry Range: $0.065 - $0.069 (Accumulation zone near recent wick support).
Momentum: RSI(6) is at 26.36, signaling that the asset is heavily oversold and due for a technical relief bounce.
Resistance: Immediate overhead resistance sits at EMA(7) ($0.0745) and EMA(25) ($0.0822).
🎯 Profit Targets:
Target 1: $0.078 (Short-term relief)
Target 2: $0.088 (EMA 99 retest)
Target 3: $0.116 (Previous swing high)
🛡️ Risk Management:
Stop Loss: $0.061 (Set below the recent local bottom).
#collect #Write2Earn