๐จ
$COMP BEARISH CROSS: RSI AT 28.4 CONFIRMS MOMENTUM EXHAUSTION ๐ด
Entry: 17.04 โก
Target: 16.86 / 16.68 / 16.50 ๐ฅ
Stop Loss: 17.40 โ ๏ธ
๐ The RSI has dipped to 28.4, but this isn't a buy-the-dip signal โ the EMAs are stacked bearishly, and each bounce is getting sold harder. ๐ Volume profile shows distribution at the highs, with sellers absorbing every relief rally like a sponge. ๐ก This isn't a random dip; it's a structural shift in order flow.
๐ฆ Smart money is likely front-running the higher-timeframe downtrend, and with 80% conviction, the path of least resistance is lower. ๐ Do you trust this RSI oversold reading for a dead cat bounce, or are you joining the short side here? ๐ค
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#COMP #ShortSetup #Bearish #Crypto #Trading ๐ด ๐ฃ