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Why is everyone bullish on TON when the 15m RSI just hit 100?
$RDDTON /USDT - SHORT
Trade Plan:
Entry: 1.8056 – 1.8056
SL: 1.8056
TP1: 1.8056
TP2: 1.8056
TP3: 1.8056
Why this setup?
We’re looking at a SHORT bias with 77% confidence. The 1-day trend is range-bound, but RSI on the 15m chart is maxed out at 100—this is a classic overextension signal. The 4h timeframe confirms the setup, and the entry is waiting at 1.8056. Why now? Because overbought extremes in a range often precede a snap back to support.
Debate:
Is this a dead cat bounce or the start of a real flush below 1.7846?