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Why is everyone still long PEPE when the 15m RSI just hit 24?
$PEPE /USDT - SHORT
Trade Plan:
Entry: 0 – 0
SL: 0
TP1: 0
TP2: 0
TP3: 0
Why this setup?
• Oversold on the 15m doesn’t mean a reversal—it means momentum is exhausted and shorts are still in control.
• 1D trend is range-bound, not bullish—this is a mean reversion trap, not a breakout.
• Confidence score of 55.4 suggests the edge is slim but real—why fight the 4h direction?
Debate:
Is this the dead cat bounce before a flush, or are you buying the dip here?