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RSI(6): 36.07 → RSI is very low, meaning the market is almost in the oversold zone.
Previous Low: $1.26726 → High: $1.56745 → There has been a big upmove, now a correction is underway.
Current Trend: Downtrend (pullback underway)
Buyer/Seller Sentiment:
🔴 Sell: 72.67% 🟢 Buy: 27.33% → Bearish sentiment is now evident in the market.
📉 Short or 📈 Long?
🔻 Reasons for taking a short entry:
RSI is not oversold, but low — selling pressure is high.
The market is continuously falling from $1.567.
The trend is down so far (lower highs, lower lows).
But... RSI is now 36, meaning that if it goes too low, the price may rebound.
📌 Suggestion:
🔥 Conservative Short Entry:
If the price closes below $1.42 or below $1.40 — then confirmed short.
Target: $1.38 / $1.35
Stop Loss: A little above $1.45
🛑 Long Entry Not Now:
RSI is not oversold, but it is close, but there is no confirmation of a bounce.
If the price gives a strong candle above $1.45+, then it can be considered.
✅ Final Decision:
👉 Taking a Short Entry is safer considering the current market, but take an entry after seeing the confirmation candle, otherwise you may be in danger if the RSI bounces
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
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