$BOB is approaching a critical support zone after a 20% decline from recent highs.

Trading Plan Long $BOB

Entry: 0.00392 – 0.00394

SL: 0.00388

TP1: 0.00402

TP2: 0.00415

TP3: 0.00440

The asset has dropped from 0.00497 to 0.00393 — a 20% decline. The RSI reading at 12 suggests the asset is oversold. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 4-hour chart shows a steady decline, but the momentum is slowing 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 level, we could see a move toward 0.00402 and then 0.00415. The SL is placed tight at 0.00388, while TP3 at 0.00440 targets a 12% upside from entry.

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