$1000CAT /USDT: Oversold Reversal Setup
1. Entry Point: $0.03890 (confirmation above minor resistance)
2. Take Profit Targets:
TP1: $0.04050
TP2: $0.04150
TP3: $0.04300
3. Stop Loss: $0.03800
4. Technical Insight: Price shows signs of exhaustion near the $0.03820 support, with potential for a rebound. Look for a breakout above $0.03900 for bullish momentum.
5. Risk-Reward Ratio: 1:3 on TP1, offering an attractive setup.
6. Trend Outlook: Short-term reversal anticipated; higher lows could confirm bullish continuation.
7. Volume Watch: Increasing buy volume will confirm the move; ensure tight stop losses.
8. Trailing Stops: Once TP1 is reached, adjust stop loss to breakeven to minimize risk.
9. Confidence Level: High (oversold RSI and support bounce on the 30m chart).
10. Reminder: Always manage risk wisely and trade with discipline.
#CryptoTrading #1000CATUSDT #Binance #TradingSignals $1000CAT