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$AI
If you want to execute a Buy order (Long or collect Spot) in this area, there are 2 scenarios you can consider:
• Scenario 1: Buy spread order (DCA) around the current area
• Entry point (Entry): Around $0.03000 - $0.03100 (waiting for the retest rhythms to lightly retest the MA10 line on a shorter-term frame such as 1h).
• Stop Loss (Stop Loss - Required): Close the candle at the nearest bottom of $0.02736 (or safer $0.02700). If this area is punctured, the downtrend will continue deeper.
• Take Profit (Take Profit): * TP1: $0.03300 (MA20).
• TP2: $0.03450 - $0.03500 (MA30 and MA60).
• Scenario 2: Waiting for safer confirmation (Breakout)
• Wait for the price to hit a beat, close the 4-h candle definitively on the $0.03300 area (passing MA20) to confirm the short-term bearish structure is broken, then buy when the price returns to test the $0.0300 area. The target now will go up to $0.03600 - $0.04000.
Advice: Because the overall trend of the 4-hour frame is still down, this increase is still counted as a technical return wave. You should go to a small volume, manage your capital tightly and do not use too high leverage if you hit Futures.