newmichwill

Everyone is staring at the 15m RSI and ignoring the daily chart. That is your edge on $LAB /USDT. $LAB - 🟢 SHORT · Conf 85% Trade Plan: Entry: 0.0754321 – 0.0761279 SL: 0.0832436 TP1: 0.0701823 TP2: 0.0664505 TP3: 0.0608528 Why this setup? - The daily trend is bearish, and the 4h structure confirms it. We are not buying a bounce; we are selling the next leg down. - RSI on the 15m sits at 31.2, which sounds "oversold," but in a strong downtrend, that is just a pit stop. - Why now? The entry reference is 0.0757800, with TP1 at 0.0701823. That is a 7% drop before the first target, and the ATR (1h) of 0.00311 gives us room to breathe. - This is a trend-following short, not a counter-trend gamble. The 1D bearish bias aligns with the 4h momentum, so we are pushing with the tide, not against it. - The invalidation is clear at 0.0790450. If price reclaims that, the thesis is dead. Until then, the path of least resistance is down. Debate: Are you shorting the breakdown or waiting for a retest of the entry zone? Click here to view the chart 👇️ ⚠️ Personal market analysis only. NFA — manage risk and DYOR.