๐Tips for short-term trading or optimizing positions when the market is leaning bearish like it is now:
StochRSI is an indicator that is more sensitive than RSI, and Iโve personally tested it many times.
In a declining market like the current one, once StochRSI crosses above the 75 level, itโs a signal that a pullback is likely coming soon.
You can use this moment to optimize your holdings or open small shorts (1xโ2x) to make some coffee money.
Iโll use $SOL as an example:
You can observe that all three times StochRSI on $SOL moved above this level, price immediately corrected afterward.
This signal works well on the daily (D) timeframe, so the noise level is relatively low.
SOLUSDT
Perp
122.88
-3.22%
PUMPUSDT
Perp
0.001739
-11.41%