Entry: 1.85–1.87 Stop-Loss: 1.78 Take Profit 1: 1.97 Take Profit 2: 2.05 Trigger: Look for a bullish candle plus RSI moving above 45
Short-term, this chart looks bearish. Price slid from 2.17 down to 1.85, marking a clear pattern of lower highs and lower lows. Right now, it’s bounced back a bit to around 1.92, but honestly, that move looks weak—more like a small pullback than a true reversal.
Indicator Signal (RSI)
RSI(6) sits at about 43. That’s below 50, so bears still have the upper hand. The RSI did bounce off oversold territory, but there’s no real bullish divergence here. This just looks like a pause in the downtrend, not the start of something bigger.
Key Support Levels $ 1.85–1.86: This area’s pretty solid—recent buyers stepped in here. 1.80–1.78: Strong support. If price breaks below, expect some real fireworks. 1.92: Minor intraday support, but not very reliable.
Key Resistance Levels
1.97–2.00: First spot sellers will likely show up. 2.05–2.08: Strong overhead resistance. 2.17–2.18: Major resistance—last swing high.
Heads up—this goes against the main trend, so keep your position small.