Three signals.
$TRUMP 4 hours RSI 13.1 is extremely oversold.
$HOOD 4 hours RSI 17.3 is oversold.
$SLX 4 hours RSI 17.4 is oversold.
$TRUMP 4 hours RSI 13.1. Extremely oversold. Current price is 1.469. In the last 24h, it fell 5.4%.
Support 1.45 1.47. Resistance 1.53 1.57.
Funding rate -0.009%. The shorts are putting pressure on the market; the ones shorting are paying.
Current price 1.469. Slightly bullish. Entry 1.45-1.47, stop loss 1.42, targets 1.53-1.57, reward-to-risk ratio 2.0.
$HOOD 4 hours RSI 17.3. Severely oversold. Current price is 90.74. In the last 24h, it fell 3.3%.
Support 88.3 93.6. Resistance 95.7 97.4.
Funding rate -0.039%. Shorts are betting on further downside; price dropping below 90 shows a clear decrease in volume.
Current price 90.74. Slightly bullish. Entry 88.5-90.5, stop loss 87, targets 95-98, reward-to-risk ratio 1.7.
$SLX 4 hours RSI 17.4. Severely oversold. Current price is 0.0927. In the last 24h, it fell 5.6%.
Support 0.0903 0.0914. Resistance 0.0936 0.0967.
Funding rate -0.052%. Among the three, the shorts are the most crowded. It’s the pattern of shorting more as it keeps falling.
Current price 0.0927. Slightly bullish. Entry 0.0905-0.0925, stop loss 0.089, targets 0.0965-0.100, reward-to-risk ratio 2.0.
All three coins are getting hammered; on the 4-hour timeframe, the RSI for all is below 17. The funding rates are all negative, indicating shorts are paying. I’ve seen this kind of market before: when it drops to the extreme of sentiment, the rebound also comes quickly. A stop loss is a must; I’m choosing the long direction.
I’m watching.
#TRUMP #HOOD #SLX