Everyone is rushing for FLOCK’s bounce, but I’m watching this pit at 0.0303000.



The 15-minute RSI has crashed to 25.77—classic oversold—but the daily trend is still bearish. The 4-hour chart’s bearish signals are very clear: price is hovering around the entry zone. Behind it is 6.8 points of downside momentum, while the bulls’ score is pitifully weak (-1.3). Oversold doesn’t equal a reversal, especially when the bigger direction is still saying “lower.”

Entry 0.0302441-0.0303559, stop loss 0.0312878

TP1 0.0295592 takes the first leg, TP2 0.0290653 the second leg, TP3 0.0283244 to wrap it up

Leave room in position sizing—this kind of range rebound also moves fast.

$FLOCK
FLOCK-0.83%
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WhitelistSpy
· 07-20 19:51
TP2 0.02906 at this level is indeed a bit interesting—near the prior low on the daily chart.
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veBALBeliever
· 07-20 06:56
RSI oversold on the daily chart is just a paper tiger in front of the shorts—this short trade logic is solid.
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ZeroAlbum
· 07-20 06:34
Ride along for a round, but don’t go heavy. The rebound is definitely fast.
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ZhangMiner
· 07-20 06:25
Another big bearish candle lands in the oversold zone, and the bears will be celebrating wildly.
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RateSlide
· 07-20 06:24
Market action always plays out amid hesitation; the more people are bearish, the more you need to be careful of a violent rebound.
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QuietValidator
· 07-20 06:18
TP3 at 0.02832 is a bit far—if it breaks below 0.029 in the middle, can it directly cascade like a waterfall?
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MEVSandwichChef
· 07-20 06:11
I’ve stepped into this trap of 0.0303 before—this time I’ll follow you, take one bite, and leave.
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DustStop
· 07-20 06:11
Technical analysis is nothing compared to trend analysis, but your timing is well done.
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MoonDoggo
· 07-20 06:07
Keeping some room in your position is true, don’t go all-in at once—build your position in three batches to stay稳.
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DividendCatcher
· 07-20 06:07
With a 6.8-point drop in action, the longs score -1.3, and the short signals are definitely clear.
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