Two signals.
$LIT 4-hour RSI drops to 19.6โoversold.
$SAND 5-minute RSI drops to 7.5โoversold.
$LIT 4-hour RSI: 19.6. Extremely oversold. Current price: 2.049. Down 5.86% in 24h.
Support: 2.04, 2.06. Resistance: 2.10, 2.18.
Fee: +0.005%. Almost at par; shorts donโt look crowded. No one is rushing to go longโthis drop has been clean.
Current price: 2.049. Slightly bullish. Entry zone: 2.04โ2.05. Stop loss: 2.00. Target: 2.18. Risk/reward is about 3.3:1.
Eight straight 4-hour red candles, pushed down from 2.20 all the way to 2.04, with no decent rebound. Iโve seen the RSI 19.6 level many timesโitโs often the last step before the bottom. I wonโt guess the bottom, but the risk/reward is good, worth trying.
$SAND 5-minute RSI: 7.5. Extremely oversold. Current price: 0.04242. Down 1.62% in 24h.
Support: 0.0414, 0.0406. Resistance: 0.0430, 0.0443.
Fee: -0.0056%. Shorts are paying. A few days ago there was a surge on big volume up to 0.0443, then it got slammed back downโclassic washout/whipsaw.
Current price: 0.04242. Slightly bullish. Entry zone: 0.0420โ0.0424. Stop loss: 0.0405. Target: 0.0443. Risk/reward is about 2.9:1.
Both are oversold. I wonโt chase longsโIโll place orders and wait. When it drops to the level, take a bite; if itโs wrong, get out. Iโm watching it.
#LIT #SAND #่ถ
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