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#42
🧭 Market Strategy for 42USDT (15m chart)
📊 Current Overview
Price: 0.15725
24h Change: -40.44% (Strong decline)
24h High: 0.2680
24h Low: 0.1538
RSI (6): 11.64 → Extremely Oversold
Bollinger Bands: Price hugging lower band, showing strong downward momentum
Volume: Reducing after heavy sell pressure → possible cool-down phase
KDJ: All 3 lines (K=11.55, D=13.75, J=7.14) are deep in oversold zone, possibly signaling a short-term reversal
🎯 Strategy Plan (Short-Term: 15m–1h Window)
Scenario A: Quick Bounce (Scalp Buy Zone)
Entry Zone: 0.1530 – 0.1560
Take Profit (TP1): 0.1660
TP2: 0.1750
Stop Loss (SL): Below 0.1490
Reasoning:
RSI < 20 → oversold bounce likely
Heikin Ashi reversal candles near support (to confirm entry)
Scenario B: Continuation Downtrend (Short Setup)
If candle closes below 0.1500 on Heikin Ashi:
Entry: 0.1490 – 0.1510 (after breakdown confirmation)
Take Profit: 0.1350
SL: Above 0.1580
Reasoning:
Price breaking key support → fresh bearish leg possible
Downtrend confirmation from MACD crossover when it activates