The price is currently experiencing a downtrend with no immediate signs of reversal. It has reached a low of 35.17, which is the lowest point in the last 24 hours. If this level holds, there may be a short-term bounce; however, entering a position now carries risks unless further confirmation of support emerges. Should the price break below 35.17, it could decline further.
Should You Buy Now?
The answer is no, at least not yet. The market exhibits bearish momentum, making it wise to wait for a clear reversal signal, such as a bullish MACD crossover, Parabolic SAR dots appearing below the candles, or a strong green candle accompanied by high buying volume.
If you are contemplating a purchase, keep a close eye on the 35.17 level. A strong rejection of this level with increasing volume could signal a potential bounce.