IOTUSD: 4 hr RSI oversold
Updated
Why we are entering this trade:
Higher low on RSI oversold region, acting as support.
Target:
horizontal line resistance
Would have liked to have:
Bullish divergence, but that is very rare on the 4 hour.
Higher low on RSI oversold region, acting as support.
Target:
horizontal line resistance
Would have liked to have:
Bullish divergence, but that is very rare on the 4 hour.
Note
I forgot to add that this can be looked at as a 4hr DIVERGENCE, which is a very powerful signal. Because price is flat, while the RSI has a positive sloped support.Note
Guys im extremely sorry that i'm careless when drawing these risk reward ratio/targets. your stoploss should be set at 0.4685Note
bitcoin dumped, alts followed
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