$USUAL
Bearish: The price has dropped by 9.44%, moving close to the Lower Bollinger Band ($1.0468). This often signals oversold conditions and a potential reversal.
Support: $1.0468 (Lower Bollinger Band)
Resistance: $1.1369 (Middle Bollinger Band)
Short-Term (Day Trading)
1. Entry Point (Buy): If the price holds above $1.0468 and shows bullish candles or increased volume, consider entering around this level.
2. Target: Aim for $1.1369 (Middle Band) or $1.2269 (Upper Band).
3. Stop-Loss: Place a stop-loss at $1.0395 to limit downside risk.
If the price breaks $1.2269 with strong volume, it could indicate an upward breakout. You can buy on the breakout and target higher levels.
If the price breaks below $1.0468, shorting may be a viable strategy with a target around $1.03 or lower.