$ITHACA is retesting a historical support zone after a 16% decline from its peak.

Trading Plan Long $ITHACA

Entry: 0.000538 – 0.000542

SL: 0.000534

TP1: 0.000555

TP2: 0.000575

TP3: 0.000610

The asset has fallen from 0.000646 to 0.0005402 — a 16% decline. The RSI reading at 13 indicates oversold conditions. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 1-hour chart shows a steady decline with lower lows, but the momentum is slowing down significantly. This region has historically attracted buyers, and support levels tend to hold until there's a significant shift in market structure. If buyers defend this zone, the next upside targets are located near 0.000555 and 0.000575. The SL is placed tight at 0.000534, while TP3 at 0.000610 targets a 13% upside from entry.

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