$TAG Be bullish.



Although the chart is still drifting downward, the RSI indicator is already severely oversold, creating a need for a rebound. I’m planning to catch a “flying knife” at this level for a short-term bounce trade. You can watch for entry opportunities around 0.000995 to 0.001021. The upside targets to start with are 0.001063 and 0.001107, and the defensive stop is at 0.000955.

Be sure to watch the risk: on the 1-hour timeframe, the bearish momentum is still very strong, which could cause the rebound thesis to fail. Don’t go all-in—control your position size. Also, you can keep an eye on the moves of $SKHYNIX and $BROCCOLIF3B .
TAG-6.91%
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