Recently we've seen a sharp decline due to the symmetric triangle breaking to the downside.
And now we are at the 0.618 retracement from 2/16 when it started the bull run.
This retracement level matches to 0.00300 price, which also provides some psychological support.
The last line of defense is our long-term support, the blue line.
It will be nice to see it eventually bounce from this line and close above it just to make sure we are good.
That would be an amazing entry point for the next bull run.
But in my personal opinion 0.003 is already a bargain and we are already oversold at the moment.
And now we are at the 0.618 retracement from 2/16 when it started the bull run.
This retracement level matches to 0.00300 price, which also provides some psychological support.
The last line of defense is our long-term support, the blue line.
It will be nice to see it eventually bounce from this line and close above it just to make sure we are good.
That would be an amazing entry point for the next bull run.
But in my personal opinion 0.003 is already a bargain and we are already oversold at the moment.