The market is showing a short-term bearish trend with signals from RSI and Stochastic indicators that the market is in an oversold zone. A bounce may occur soon, but the key resistances at 0.007820 and 0.008168 (EMA 21 and EMA 50) must be broken to confirm the trend reversal.
Pending order:
Place a buy order at 0.006880 (support level), with a target at 0.007820 (EMA 21) and a stop loss at 0.006700 to protect in case the downtrend continues.
