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SOL's 15-minute RSI has dropped to 24, signaling extreme oversold conditions.
$SOL /USDT - LONG
Trade Plan:
Entry: 78.18 – 78.56
SL: 75.95
TP1: 80.18
TP2: 81.39
TP3: 83.20
Why focus on this structure?
- RSI (15m) is only 24.01, in an extreme oversold zone with a historically high probability of a bounce.
- 4h level LONG signal, confidence 77%, entry reference at 78.37.
- Target TP1 at 80.18, with a reasonable risk-reward ratio, SL at 75.95.
Discussion:
Do you think this oversold bounce will directly hit TP2 at 81.39, or will it hit the SL first?