SOL's 15-minute RSI dropped to 22. Trap or opportunity?
$SOL /USDT - LONG
Trade Plan:
Entry: 77.06 – 77.44
SL: 74.90
TP1: 79.02
TP2: 80.19
TP3: 81.96
Why pay attention to this setup?
- Current
$SOL /USDT price 77.25, 4H LONG signal, confidence 77%.
- 15-minute RSI at only 22.53, severely oversold, very strong short-term rebound momentum.
- Daily trend is choppy, but 1H support is clear, entry zone 77.06-77.44 is a good dip-buying opportunity.
- Targets TP1 79.02, TP2 80.19, stop loss 74.90, risk/reward ratio as high as 2.5:1.
Discussion:
RSI oversold but trend choppy. Will this move hit TP2 fi