They're calling for a bounce, but $pippin /USDT's RSI is screaming oversold on the lower timeframes.

$PIPPIN - SHORT

Trade Plan:

Entry: 0.216357 – 0.222506

SL: 0.237879

TP1: 0.200985

TP2: 0.194836

TP3: 0.182538

Why this setup?

• 15m RSI at 36.3 signals short-term exhaustion, but the 1D trend is still range-bound.

• ATR suggests volatility is primed for a directional move. The setup is armed for a SHORT, targeting TP1 at 0.200985.

• Entry zone is tight (0.216357 - 0.222506), offering a clear risk/reward with SL at 0.237879.

Debate:

Is this oversold RSI a bear trap or the calm before the next leg down?

Trade here 👇