$ONE /USDT Analysis:
Current Price: $0.02977
Resistance Level: $0.03144 (recent high)
Support Level: $0.02655 (24h low)
Observations:
1. Lower High Formation: After reaching $0.03144, the price failed to break further and is now retracing.
2. Bearish Momentum: Red candlesticks with increasing volume indicate selling pressure.
3. Key Support Zone: If $0.02977 breaks, the next support is around $0.02880-$0.02840.
Trading Plan:
Short Entry: Below $0.02950 with a target of $0.02850-$0.02800.
Stop Loss: Above $0.03050 to manage risk.
Remember to monitor volume and RSI for confirmation. Let me know if you'd like a detailed visual chart for further clarity.
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