RSI oversold on low timeframes is not a short signal. In liquidation phases bounces get violent. I wait for a lower high and structure break before adding shorts.

They're calling for a bounce, but $pippin /USDT's RSI is screaming oversold on the lower timeframes.

$PIPPIN - SHORT

Trade Plan:
Entry: 0.216357 – 0.222506
SL: 0.237879
TP1: 0.200985
TP2: 0.194836
TP3: 0.182538

Why this setup?
• 15m RSI at 36.3 signals short-term exhaustion, but the 1D trend is still range-bound.
• ATR suggests volatility is primed for a directional move. The setup is armed for a SHORT, targeting TP1 at 0.200985.
• Entry zone is tight (0.216357 - 0.222506), offering a clear risk/reward with SL at 0.237879.

Debate:
Is this oversold RSI a bear trap or the calm before the next leg down?

Trade here 👇