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XAUT 4-hour RSI dropped to 17, dare you catch the bottom?
$XAUT /USDT - LONG
Trading Plan:
Entry: 4033 – 4041
SL: 3984
TP1: 4077
TP2: 4103
TP3: 4143
Why focus on this structure?
RSI 15m is only 17.56, severely oversold, 4-hour trend bullish signal strong. Entry reference 4037, TP1 4077, TP2 4103, stop loss 3984.
Why now? Oversold bounce + EMA support, against 1D bearish but short-term opportunity clear.
Discussion:
Will this rebound first reach TP2, or is it a bull trap?