$LAB /USDT’s 15m RSI is 29—yet the 4h bias just flipped to SHORT. Who’s buying this dip?
$LAB - 🟢 SHORT
Trade Plan:
Entry: 0.0799175 – 0.0806025
SL: 0.0871736
TP1: 0.0750748
TP2: 0.0716179
TP3: 0.0664327
Why this setup?
- The 1D trend is bearish, and the 4h momentum aligns with it (conf: 91).
- RSI at 29 on the 15m shows short-term oversold, but that’s a pullback within a downtrend, not a reversal signal.
- Entry ref: 0.08026, with downside targets at 0.07507 (TP1) and 0.07161 (TP2).
- Why now? The bounce is weak—ATR (0.00192) suggests low volatility, meaning sellers are in control, not buyers.
- This is a trend-following short, so the path of least resistance is down. Don’t confuse the 15m RSI with a bottom.
Debate:
Are you fading this oversold bounce for a short, or do you think the 29 RSI prints a local bottom first?
Click here to Trade 👇️
$LAB - 🟢 SHORT
Trade Plan:
Entry: 0.0799175 – 0.0806025
SL: 0.0871736
TP1: 0.0750748
TP2: 0.0716179
TP3: 0.0664327
Why this setup?
- The 1D trend is bearish, and the 4h momentum aligns with it (conf: 91).
- RSI at 29 on the 15m shows short-term oversold, but that’s a pullback within a downtrend, not a reversal signal.
- Entry ref: 0.08026, with downside targets at 0.07507 (TP1) and 0.07161 (TP2).
- Why now? The bounce is weak—ATR (0.00192) suggests low volatility, meaning sellers are in control, not buyers.
- This is a trend-following short, so the path of least resistance is down. Don’t confuse the 15m RSI with a bottom.
Debate:
Are you fading this oversold bounce for a short, or do you think the 29 RSI prints a local bottom first?
Click here to Trade 👇️