Why this setup? The daily trend is bearish, but the 15m RSI is overbought near 63, showing exhaustion. ATR suggests volatility is primed for a move. The set-up targets a pullback to TP1 at 0.000381.
Debate: Is this a classic bear trap or the start of a deeper correction for BOME?
Why this setup? 4H setup triggered near the range high. RSI neutral at 51, showing no bullish momentum to break higher. ATR is low, suggesting a volatility squeeze before a potential move down to TP1 at 0.033126.
Debate: Is this the calm before the drop, or will the range hold?