When to go long and when to go short, based on your chart and RSI (15 minute timeframe):
✅ When to take a long entry:
Long you expect the price to go up.
🔹 Condition 1: Price breaks above 1.548
Otherwise, current resistance (1.54873) gives you a new high.
If there is a breakout candle (long green candle, high volume), then you can go long.
🔹 Condition 2: RSI starts a new bullish trend around 60-65
If RSI crosses 60 from below again and makes a higher low, then it is a signal to go long.
🔹 Stop LS: You can keep the water at 1.48 or 1.50 (depending on the traded type)
❌ When to take a short entry:
In short, you think the price will go down.
🔻 Condition 1: Price rejects in the 1.54-1.55 range
If it does not go up again and is seen in the water again (rejection candle / bearish grass is seen), then you can take a short.
🔻 Condition 2: RSI approaches 70 and breaks
If the RSI is overbought (70+) and then comes (divergence / ridge line), then marketing may be happening.
🔻 Stop LS: You can put it above 1.55 (if it fakes out, it will be exited)
🕒 See the simple word:
StatusMovementPrice above 1.55 ✅ LongIf the price repeatedly rejects from 1.54 ❌ If ShortRSI rejects above 70 ❌ If ShortRSI bounces from 60 and rises up✅ Long
✍️ Time Trading Plan for You (15min Miframe):
Entry: Long if the breakout of 1.548, or active short on the ridge of 1.540
SL: 1.50 (for long), 1.56 (for short)
TP: 1.60+ (long), 1.45 or water (short)