#42

🧭 Market Strategy for 42USDT (15m chart)

📊 Current Overview

Price: 0.15725

24h Change: -40.44% (Strong decline)

24h High: 0.2680

24h Low: 0.1538

RSI (6): 11.64 → Extremely Oversold

Bollinger Bands: Price hugging lower band, showing strong downward momentum

Volume: Reducing after heavy sell pressure → possible cool-down phase

KDJ: All 3 lines (K=11.55, D=13.75, J=7.14) are deep in oversold zone, possibly signaling a short-term reversal

🎯 Strategy Plan (Short-Term: 15m–1h Window)

Scenario A: Quick Bounce (Scalp Buy Zone)

Entry Zone: 0.1530 – 0.1560

Take Profit (TP1): 0.1660

TP2: 0.1750

Stop Loss (SL): Below 0.1490

Reasoning:

RSI < 20 → oversold bounce likely

Heikin Ashi reversal candles near support (to confirm entry)

Scenario B: Continuation Downtrend (Short Setup)

If candle closes below 0.1500 on Heikin Ashi:

Entry: 0.1490 – 0.1510 (after breakdown confirmation)

Take Profit: 0.1350

SL: Above 0.1580

Reasoning:

Price breaking key support → fresh bearish leg possible

Downtrend confirmation from MACD crossover when it activates