$FARM just printed RSI 33 on the 4h and nobody's talking about it 👀
Down 16% today, another 10% in the last four hours. Volume's completely dead though , we're talking 0.0x the 20-day average. That's the weird part.
When you get this kind of drop with no volume behind it, it's either capitulation or nobody cares anymore. Price is 57% off the 30-day high and sitting below both the 20d and 50d moving averages. Bearish stack confirmed.
But here's the thing.
RSI this low with volume this dry? That's where bounces come from. Not saying it happens today, but if you're hunting for an oversold long setup, this is what the entry zone looks like 📉
Are we bottom fishing here or waiting for actual bid support?
#FARM #Trading
Down 16% today, another 10% in the last four hours. Volume's completely dead though , we're talking 0.0x the 20-day average. That's the weird part.
When you get this kind of drop with no volume behind it, it's either capitulation or nobody cares anymore. Price is 57% off the 30-day high and sitting below both the 20d and 50d moving averages. Bearish stack confirmed.
But here's the thing.
RSI this low with volume this dry? That's where bounces come from. Not saying it happens today, but if you're hunting for an oversold long setup, this is what the entry zone looks like 📉
Are we bottom fishing here or waiting for actual bid support?
#FARM #Trading