They’re calling this a range… but RSI tells a different story.
On the 4H chart, $LIGHT is clearly armed for a SHORT setup. Momentum is weakening, and price is setting up perfectly for a downside move.
📊 Key Insight:
The 15m RSI is extremely oversold at 19.89, which usually signals a dead-cat bounce. That bounce could be the perfect entry before continuation lower.
💥 Trade Plan (SHORT):
🔹 Entry: 0.2425 – 0.2476
🔻 SL: 0.2603
🎯 TP1: 0.2298
🎯 TP2: 0.2247
🎯 TP3: 0.2145
📉 Why this matters:
Daily structure is range-bound, but a clean break below support opens the door for TP1 and deeper liquidity target