Why this setup? PIPPIN sell-side structure setup on 4h, using the 1D as a bullish-context to prioritize location. Working area: (0.476-0.494) (mid ~ 0.485). ATR 1H: 0.035 (~7.2% of price) → controlled volatility. RSI 15m: 54 → momentum allows downside to develop As long as price respects 0.570 (invalidation), the first objective is 0.433 (~10.8%). RR to TP1 is ~0.62. If momentum extends, 0.380 becomes the stretch target (~21.6%), with RR ~1.23. Any sustained acceptance beyond 0.570 invalidates the thesis.
Debate: Do we hit 0.433 and bounce, or does PIPPIN keep sliding to 0.380?
Why this setup? 4H setup is armed SHORT. RSI on the 15m is deeply oversold at 31, hinting at a bearish continuation. The daily trend is range-bound, suggesting a move to test the lower boundary. Key TP levels are 0.2264 and 0.2234.
Debate: Is this oversold RSI a fakeout or a genuine signal to short?
$HEMI Short (PREMIUM SIGNAL) Entry 0.04290 TP1 0.04020 TP2 0.03870 TP3 0.03680 TP4 0.03410 DCA 0.04430 SL 0.04700 Follow Me For More Signal And information $BTC $ETH #Write2Earn #BTC #bearishmomentum