🛑 Why did I reject entering now even though the trend is bullish? (Applying Sniper Strategy 2.0 to $PIEVERSE )
It may seem strange to reject a trade when the overall trend is strongly bullish on the 4-hour timeframe, but “Sniper 2.0” has set a strict filter: don’t buy at the top.
📊 Filter analysis (summary):
1️⃣ Trend (bullish): The price is above the green Super Trend line on all timeframes.
2️⃣ Momentum (extreme risk): The RSI reached 93 and 95! This is historically overbought territory. Buying here means risking a sharp correction.
3️⃣ Liquidity (a magnet): There is a sell wall overhead (2.1–2.4), and whale data (Arkham) points to movements that could be the start of distribution.
💡 My view and strategy:
The safest decision right now is to wait. I don’t want to be “fuel” for a market correction. I’ll place a pending buy order (Limit Order) in the true support zone (1.80–1.85), where buy-side liquidity meets the Super Trend line on the 15-minute timeframe. I’ll only enter if the RSI cools down and a green reversal candle appears.
🎯 Potential trade details (pending):
• Type: Buy (Long).
• Entry: 1.8500 (only if support is touched).
• Stop loss: 1.7000.
• First target: 2.1000 | Second target: 2.2000.
• Risk-to-reward ratio (R:R): Excellent (1:2).
🗣️ My question for you:
Do you agree that waiting is the right move here? Or do you think momentum can break through to new levels without a correction? Share your thoughts! 👇
It may seem strange to reject a trade when the overall trend is strongly bullish on the 4-hour timeframe, but “Sniper 2.0” has set a strict filter: don’t buy at the top.
📊 Filter analysis (summary):
1️⃣ Trend (bullish): The price is above the green Super Trend line on all timeframes.
2️⃣ Momentum (extreme risk): The RSI reached 93 and 95! This is historically overbought territory. Buying here means risking a sharp correction.
3️⃣ Liquidity (a magnet): There is a sell wall overhead (2.1–2.4), and whale data (Arkham) points to movements that could be the start of distribution.
💡 My view and strategy:
The safest decision right now is to wait. I don’t want to be “fuel” for a market correction. I’ll place a pending buy order (Limit Order) in the true support zone (1.80–1.85), where buy-side liquidity meets the Super Trend line on the 15-minute timeframe. I’ll only enter if the RSI cools down and a green reversal candle appears.
🎯 Potential trade details (pending):
• Type: Buy (Long).
• Entry: 1.8500 (only if support is touched).
• Stop loss: 1.7000.
• First target: 2.1000 | Second target: 2.2000.
• Risk-to-reward ratio (R:R): Excellent (1:2).
🗣️ My question for you:
Do you agree that waiting is the right move here? Or do you think momentum can break through to new levels without a correction? Share your thoughts! 👇
