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Baisse (björn)They're calling this a range, but the RSI tells a different story for $RIVER /USDT.
$RIVER - SHORT
Trade Plan:
Entry: 7.157599 – 7.438401
SL: 8.140408
TP1: 6.455592
TP2: 6.17479
TP3: 5.613185
Why this setup?
4H chart is armed for a SHORT. RSI on the 15m is deeply oversold at 23, signaling potential for a sharp continuation move down. The daily trend is range-bound, increasing the probability of a rejection from the top of the consolidation. Entry zone is defined between 7.157 and 7.438.
Debate:
Is this oversold RSI a bear trap or the start of a major breakdown?
Click here to Trade 👇️
$RIVER - SHORT
Trade Plan:
Entry: 7.157599 – 7.438401
SL: 8.140408
TP1: 6.455592
TP2: 6.17479
TP3: 5.613185
Why this setup?
4H chart is armed for a SHORT. RSI on the 15m is deeply oversold at 23, signaling potential for a sharp continuation move down. The daily trend is range-bound, increasing the probability of a rejection from the top of the consolidation. Entry zone is defined between 7.157 and 7.438.
Debate:
Is this oversold RSI a bear trap or the start of a major breakdown?
Click here to Trade 👇️
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