🔴 $LITEB | 4H frame price is overbought
💰 Price: 974.94
📊 RSI 4H: 74.78 → Overbought 🔴
🔴 Recommendation: SHORT with caution after a reversal confirmation appears.
🎯 TP1: 965
🎯 TP2: 950
🎯 TP3: 930
🛑 SL: 990
📉 RSI above 70 indicates price overbought, which makes a correction plausible, but overbought alone does not mean the trend has reversed.
🔥 SHORT confirmation: price rejection followed by a break below 965.
🟢 A break above 990 and holding above it cancels the downside scenario.
⚠️ Don’t enter a SHORT just because RSI reached 74.78; wait for confirmation.
$LITEB #LITEB #LITEBUSDT #Binance
💰 Price: 974.94
📊 RSI 4H: 74.78 → Overbought 🔴
🔴 Recommendation: SHORT with caution after a reversal confirmation appears.
🎯 TP1: 965
🎯 TP2: 950
🎯 TP3: 930
🛑 SL: 990
📉 RSI above 70 indicates price overbought, which makes a correction plausible, but overbought alone does not mean the trend has reversed.
🔥 SHORT confirmation: price rejection followed by a break below 965.
🟢 A break above 990 and holding above it cancels the downside scenario.
⚠️ Don’t enter a SHORT just because RSI reached 74.78; wait for confirmation.
$LITEB #LITEB #LITEBUSDT #Binance