🚨 $1000SHIB DUMPED HARD! RSI at 36 – Trap or Reversal? My Exact Plan! 🎯
Did you see that massive red candle on the 15m chart? 🩸 1000SHIB just swept liquidity hard down to 0.004561, breaking below the MA7 and MA25. But before you panic sell, look at the indicators: RSI(6) is at 36.4, Williams %R is -80, and StochRSI is crashing into oversold territory!
Is this a huge bull trap, or is a bounce loading right at this strong MA99 support (0.00450)? Here is my precise battle plan to trade both sides:
🐂 BULLISH REVERSAL PLAN (The Oversold Bounce)
· Entry: Wait for price to touch 0.004500 - 0.004520 and form a green rejection wick. Enter there.
· Target 1 (TP1): 0.004580 (MA7 retest - Take partial profits!)
· Target 2 (TP2): 0.004600 - 0.004620 (24h high zone)
· Stop Loss (SL): 0.004480 (Tight stop. If 0.00450 support breaks, this trade is DEAD).
🐻 BEARISH DUMP PLAN (If support crumbles)
· Entry: ONLY enter a short if we see a 15m candle close BELOW 0.004480, followed by a retest of that level.
· Target 1 (TP1): 0.004340 (The major swing low)
· Target 2 (TP2): 0.004300
· Stop Loss (SL): 0.004550 (To avoid the fake bounce).
🔥 My Golden Advice (What I would do):
If I were you, I would absolutely NOT short into RSI 36. The downside is limited near 0.00450. I would sit on my hands, wait for the 0.004500 test, catch the bounce to 0.004580, and exit immediately. Scalp the bounce, don't hold for a swing!
⚔️ What would YOU do if you were me? Drop your exact price target in the comments! 👇
If this analysis saves you from a bad trade, hit that TIP button ⭐ and give it a massive LIKE! Your tips keep these free setups coming! 🚀
--
#1000SHIB #SHIBUSDT #CryptoTrading #BinanceSquare
Did you see that massive red candle on the 15m chart? 🩸 1000SHIB just swept liquidity hard down to 0.004561, breaking below the MA7 and MA25. But before you panic sell, look at the indicators: RSI(6) is at 36.4, Williams %R is -80, and StochRSI is crashing into oversold territory!
Is this a huge bull trap, or is a bounce loading right at this strong MA99 support (0.00450)? Here is my precise battle plan to trade both sides:
🐂 BULLISH REVERSAL PLAN (The Oversold Bounce)
· Entry: Wait for price to touch 0.004500 - 0.004520 and form a green rejection wick. Enter there.
· Target 1 (TP1): 0.004580 (MA7 retest - Take partial profits!)
· Target 2 (TP2): 0.004600 - 0.004620 (24h high zone)
· Stop Loss (SL): 0.004480 (Tight stop. If 0.00450 support breaks, this trade is DEAD).
🐻 BEARISH DUMP PLAN (If support crumbles)
· Entry: ONLY enter a short if we see a 15m candle close BELOW 0.004480, followed by a retest of that level.
· Target 1 (TP1): 0.004340 (The major swing low)
· Target 2 (TP2): 0.004300
· Stop Loss (SL): 0.004550 (To avoid the fake bounce).
🔥 My Golden Advice (What I would do):
If I were you, I would absolutely NOT short into RSI 36. The downside is limited near 0.00450. I would sit on my hands, wait for the 0.004500 test, catch the bounce to 0.004580, and exit immediately. Scalp the bounce, don't hold for a swing!
⚔️ What would YOU do if you were me? Drop your exact price target in the comments! 👇
If this analysis saves you from a bad trade, hit that TIP button ⭐ and give it a massive LIKE! Your tips keep these free setups coming! 🚀
--
#1000SHIB #SHIBUSDT #CryptoTrading #BinanceSquare