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$HOME /USDT’s RSI has fallen to 18.96—do you still dare to catch a falling knife?
$HOME /USDT - Go SHORT
Trading plan:
Entry: 0.01269 – 0.01307
SL: 0.01468
TP1: 0.01153
TP2: 0.01063
TP3: 0.00928
Why focus on this setup?
- 15-minute RSI is only 18.96, extremely oversold, but the 1-day trend is clearly bearish.
- The 4-hour signal shows the SHORT direction, with confidence as high as 95%; the current price 0.01288 is right at the entry point.
- Why now? After an oversold rebound, it will most likely continue to fall; TP1 is looking at 0.01153, TP2 at 0.01063.
Discussion:
Will you grab this oversold rebound and go LONG, or wait for the rebound and then chase a SHORT?