Trading Plan Long $IDOL

$IDOL just flushed into the lower Bollinger band after a significant sell-off.

Entry: $0.02430-$0.02510

Stoploss: $0.02320

Targets: $0.02630 / $0.02850 / $0.03150

IDOL is extremely oversold on the 1H, with RSI at 18.7 and price hitting the BB lower band. This looks like a potential spring forming, trapping late shorts. OI is up 16% on this dump, suggesting new shorts piled in, ripe for a squeeze. Retail longs are heavy at 1.77, but smart money might be accumulating this dip. Lose $0.02320, plan dead.

Trade $IDOL here 👇

IDOLUSDT

Perp

0.0229

+25.34%