$OFC is approaching a critical demand pocket after an 11% decline from its peak.

Trading Plan Long $OFC

Entry: 0.0105 – 0.01052

SL: 0.01046

TP1: 0.01060

TP2: 0.01072

TP3: 0.01095

The asset has dropped from 0.01187 to 0.01052 — an 11% decline. The RSI reading at 16 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 0.01060 and then 0.01072. The stop is placed tight at 0.01046, while TP3 at 0.01095 targets a 4% upside from entry.

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