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BTC 4-hour RSI drops to 26.9—are you brave enough to buy the dip?
$BTC /USDT - Go LONG
Trading plan:
Entry: 62,781.88 – 62,955.90
SL: 61,783.05
TP1: 63,683.27
TP2: 64,226.19
TP3: 65,040.57
Why pay attention to this structure?
- The 15-minute RSI is already oversold (26.9); short-term rebound momentum is building.
- The 4-hour EMA support is near 62,868, with the entry point precisely anchored.
- The trend is still slightly bearish, but with a 84% confidence LONG signal already out: TP1 at 63,683 and TP2 at 64,226.
- With SL at 61,783, the risk-reward ratio is reasonable—why now? Oversold + key support resonance.
Discussion:
Will price reach TP2 first, or is it a bull trap?