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SOL's RSI has bottomed out, but what is the market waiting for?
$SOL /USDT - long LONG
Trading Plan:
Entry: 78.14 – 78.50
SL: 76.13
TP1: 79.96
TP2: 81.06
TP3: 82.70
Why Focus on This Structure?
- 15M RSI dropped to 35.43, near oversold territory, historically often a precursor to a rebound.
- 4H structure shows LONG signal, confidence 77.4, EMA support at 78.32.
- Current range-bound, but ATR is only 0.70, low volatility, breakout imminent.
Discussion:
Will this wave reach TP2 at 81.06 first, or is it a bull trap?