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$ESPORTS /USDT 15-minute RSI spikes to 90, the bears are eyeing you?
$ESPORTS /USDT - Go SHORT (sell)
Trading plan:
Entry: 0.01841 – 0.01877
SL: 0.02033
TP1: 0.01729
TP2: 0.01642
TP3: 0.01512
Why focus on this structure?
- On the 4-hour timeframe, the bearish trend is clear; on the 1D direction it’s bearish. Around 0.01859 is an excellent entry point.
- The 15-minute RSI at 90.26 is severely overbought, with massive downside correction pressure in the short term. Chasing a LONG at highs is basically handing over money.
- Why now? EMA line suppression + high RSI resonance. SHORT targets TP1 0.01729, TP2 0.01642, with SL set at 0.02033 to control risk.
Discussion:
Are you betting that the RSI keeps flattening out, or are you going to take this bearish pullback? See you in the comments—proof of the pudding is in the eating.