Potential Reversal at Extreme Oversold Levels

🔥 ISPC - Potential Reversal at Extreme Oversold Levels
Current Price: ~$0.7190
Bias: BULLISH
Timeframe: Swing Trade (1-4 weeks)
📊 TECHNICAL ANALYSIS:
Bullish Signals:

Extreme RSI Oversold: RSI has hit extreme lows (~20 level) - historically strong reversal zone
Volume Spike: Recent high volume suggests potential capitulation/accumulation
Support Test: Price testing previous support around $0.70-0.72 area
Moving Average Convergence: MAs are flattening, suggesting momentum shift

📈 TRADE SETUP:
Entry: $0.70-0.73 (current levels or slight dip)
Stop Loss: $0.65 (below recent lows)
Target 1: $0.85 (previous resistance)
Target 2: $0.95 (major resistance level)
Risk/Reward: ~1:2.5 ratio
🎯 STRATEGY:

Enter in tranches if it dips to $0.70
Watch for RSI divergence on any lower lows
Volume confirmation on any breakout above $0.77

⚠️ INVALIDATION:
Break below $0.65 with volume

!!!NOT FINANCIAL ADIVSE!!!

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EVERYONE IS AGAINST YOU.

Kind regards,

QQuant-Almasi