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SOL rebound is an illusion? 15-minute RSI has dropped to 21.27!
$SOL /USDT - SHORT
Trade Plan:
Entry: 78.75 – 79.15
SL: 80.84
TP1: 77.54
TP2: 76.59
TP3: 75.18
Why focus on this structure?
- 4H level signal: SHORT, confidence 55.4%, 1D trend is a consolidation range.
- 15-minute RSI 21.27, extremely oversold, but the main direction remains bearish.
- Entry reference 78.95, now is the time for a rebound to this range.
- Why now? After an oversold rebound, bearish momentum may be stronger, TP1 at 77.54, TP2 at 76.59.
Discussion:
Will this move first hit TP2, or is it a bull trap?