The chart for $SPACE / USDT (perpetual futures on Binance) shows a sharp downtrend on the 1D timeframe, with the price dropping from highs around 0.02465 to the current level at 0.004491 — that's a massive correction of over -10.70% in the last 24 hours alone! 🚀📉
The candle action is heavily bearish: big red candles dominating, breaking multiple supports, now hovering right at the marked 0.0044 zone (with low at 0.004413).
Key indicators screaming caution:
RSI(6): 10.26 & RSI(14): 9.60 — deeply oversold territory (well below 20-30), hinting at potential exhaustion in sellers.
Stochastic (K: 5.68, D: 9.50, J: -1.97) — also oversold, with lines crossed downward but flattening.
This setup often precedes a short-term bounce or relief rally after such a violent dump, especially with high 24h volume (2.33B SPACE side) showing interest.
TRADE IDEA: LONG $SPACE USDT Now!
Entry: Around current ~0.00449 (or on confirmation above 0.0045)
Take Profit 1: 0.0055 (+22%)
Take Profit 2: 0.0065 (+45%)
Stop Loss: 0.0040 (-11%) — tight to protect against further breakdown.
Volatility is high — perfect for a quick scalp or swing if momentum flips! Don't miss this potential reversal play in the SPACE ecosystem token.
Trade $SPACE USDT Now! Follow & turn 🔔 on ✅ Let's catch the bounce! 💥
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