OVERSOLD ALERT!
$CTA has dropped from 0.00155 to 0.00081 — a 47% decline. The RSI is at 14 — deeply oversold. Volume is heavy, which tells me sellers are panicking. But when everyone is selling, that's usually when the tide turns.
Trading Plan Long $CTA
Entry: 0.00080 – 0.00082
SL: 0.00077
TP1: 0.00092
TP2: 0.00105
TP3: 0.00120
The decline has carried price back into a zone that previously acted as support. If sellers fail to break below 0.00077, we could see a bounce toward 0.00092 and 0.00105.
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