RSI at 28 on the 15m timeframe while the daily is still in a range—who is selling during this drop?
$BTC /USDT - 🟢 SHORT · Confidence 77%
Trading Plan:
Entry: 78138.81 – 78306.79
SL: 79921.97
TP1: 76948.42
TP2: 76098.83
TP3: 74824.45
Why this setup?
- The 4h bias is SHORT with 77% confidence, and price is pressing into the entry zone near 78.222.
- This is a trend-following setup, not a guess against the trend—momentum right now is on the sellers’ side.
- Targets are stacked below: TP1 at 76.948, TP2 at 76.098, and TP3 at 74.824. The stop is neatly placed above at 79.921.
- RSI 15m at 28 suggests a possible local oversold bounce may come first, but that’s only a pullback within a larger down move—not a reversal signal.
$BTC /USDT - 🟢 SHORT · Confidence 77%
Trading Plan:
Entry: 78138.81 – 78306.79
SL: 79921.97
TP1: 76948.42
TP2: 76098.83
TP3: 74824.45
Why this setup?
- The 4h bias is SHORT with 77% confidence, and price is pressing into the entry zone near 78.222.
- This is a trend-following setup, not a guess against the trend—momentum right now is on the sellers’ side.
- Targets are stacked below: TP1 at 76.948, TP2 at 76.098, and TP3 at 74.824. The stop is neatly placed above at 79.921.
- RSI 15m at 28 suggests a possible local oversold bounce may come first, but that’s only a pullback within a larger down move—not a reversal signal.
