#CryptoReboundStrategy
1. Identify Support: 0.03478 as a key support level.
2. Indicators: Wait for Stochastic RSI to drop below 20 (oversold) and confirm rebound signs.
3. Volume Confirmation: Look for an increase in OBV.
4. Price Action: Watch for bullish patterns around support.
5. Risk Management: Set stop-loss (SL) below the support level.
6. Entry: Enter when rebound signals are confirmed.
Position:
- Entry Point: Around 0.03500 (once indicators confirm a rebound).
- Take Profit (TP): 0.03720 (near the recent high).
- Stop-Loss (SL): 0.03450 (below the support level to minimize risk).
This setup allows for a potential gain while managing downside risk effectively.