The Daily/4H trends are in a significant pullback, creating oversold conditions that present a potential reversal opportunity. The price has established a local low, and lower timeframe momentum indicators are hinting at seller exhaustion.
The trigger for a long position is forming on the 15m chart. A clear bullish divergence is developing, with the price making a lower low at 0.3329 while the RSI indicator printed a higher low. This divergence suggests that the downward momentum is weakening and a reversal or significant bounce is becoming highly probable. The immediate entry is based on this divergence, anticipating the 15m RSI to cross back above the 50 midline. A confirmed break and hold above the EMA(7) and EMA(25) would validate this shift in momentum, providing an excellent risk-to-reward entry near the potential bottom of this corrective move.
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PIPPINUSDT
Perp
0.32843
-21.83%
