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BTC 4H is oversold—are you brave enough to bottom-fish against the trend this time?
$BTC /USDT - Go LONG
Trading plan:
Entry: 62228.39 – 62390.85
SL: 61295.90
TP1: 63069.91
TP2: 63576.78
TP3: 64337.07
Why focus on this setup?
- The 15-minute RSI dropped to 24.1, extremely oversold— a rebound is imminent.
- The current 62309.62 is a key 4H support; the EMA divergence is too large, and the bears are running out of steam.
- Target TP1 63069.91, TP2 63576.78; stop-loss 61295.90, with a reasonable risk-reward ratio.
- Why now? The 1D trend is bearish, but the short-term oversold condition plus an 84% long signal means the rebound play window is open.
Discussion:
Will this move reach TP2 first and then pull back, or will it directly bait longs before plunging?