
$DN is retesting a demand zone that previously rejected downward moves with force.
Trading Plan Long $DN
Entry: 0.0488 – 0.0491
SL: 0.0480
TP1: 0.0505
TP2: 0.0525
TP3: 0.0555
The asset has moved from 0.0643 to 0.04897 — a 23% decline. The current price is now testing a support area where buyers have historically stepped in with confidence. The RSI reading at 17 suggests that the asset is oversold. Volume is moderate but fading, indicating that selling pressure may be weakening. The 1-hour chart shows a steady decline with lower lows, but the momentum is slowing down significantly. This region has historically attracted buyers. If support holds, the next levels to watch are 0.0505 and then 0.0525. The SL is set at 0.0480, below the recent low, while TP3 at 0.0555 offers a 13% upside from entry.
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