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The price is recovering from the oversold zone, but the bearish trend is still dominant.

If the price holds above 2.90, it might test 3.05–3.12.

However, the Stochastic RSI indicates caution as the market might pull back soon.

Action Suggestion

Wait for confirmation of a breakout above 3.05 for a potential upward move, or consider entering near 2.90 with a tight stop-loss.