$ONE /USDT: Oversold Signal Sparks a Rebound Opportunity
$ONE /USDT is trading at $0.02606 after bouncing from its intraday low of $0.02568, with the RSI at an extremely oversold level of 15.62, indicating strong rebound potential. The immediate support level is at $0.02550, while resistance levels to watch are $0.02650 and $0.02700. A strategic entry zone lies between $0.02590 and $0.02610, targeting profit levels at $0.02650 (TP1), $0.02680 (TP2), and $0.02700 (TP3). To mitigate risk, place a stop loss at $0.02540, just below the recent low.
This setup presents a short-term scalping opportunity as the market shows signs of recovery from oversold conditions. Lock in profits incrementally at each target and trail your stop loss to breakeven after reaching TP1 to safeguard gains. Monitor price momentum for a potential breakout above resistance for extended gains.