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Has SKYAI’s 15-minute RSI fallen to 22—buy the dip or continue short?
$SKYAI /USDT - Short SHORT
Trading plan:
Entry: 0.02944 – 0.03018
SL: 0.03332
TP1: 0.02718
TP2: 0.02543
TP3: 0.02280
Why focus on this setup?
- The 15-minute RSI is only 22.26, extremely oversold, but the 1D trend is still a range-bound consolidation area, with no confirmed reversal.
- The main strategy is SHORT, entry at 0.02981, TP1 at 0.02718, with a risk-reward ratio of about 1:1.8.
- The current price is near the entry low of 0.02944; if it breaks down, bearish momentum may accelerate.
Discussion:
Is this wave a rebound that lures longs before falling, or does it break down directly to TP2?