$FIL /USDT : The daily and 4-hour charts are heavily trending downwards, with the price below all major moving averages. The 1-hour chart shows a temporary bounce, but the momentum is fading as the 15-minute Relative Strength Index is in the overbought area above 72. This bounce to the 1.255 area is an ideal selling opportunity against the prevailing downtrend. The trigger is a drop in the 15-minute Relative Strength Index below 50, indicating that the counter bounce has failed and the downtrend resumes. Enter a short position at this breakdown for a high-probability trade with the trend.
Actionable setup now (short)
Entry: market at 1.250108 – 1.259892
TP1: 1.225649
TP2: 1.215866
TP3: 1.196299
SL: 1.28435
