🚨 URGENT: Why "Oversold" is a Trap Right Now
Most traders see RSI at 17 and hit the buy button. They are confusing "Cheap" with "Value." Here is the data that matters more than your feelings:
❌ THE RETAIL TRAP: "RSI is 17.8 + Stochastic is 4.5. It has to bounce!" (This is how you catch a falling knife).
✅ THE SMART MONEY REALITY: Look at the ADX (Trend Strength). It is screaming at 48.3.
- Rule 1: When ADX is >40 and Price is dropping, "Oversold" doesn't mean reversal. It means Capitulation is just starting.
- The Structure: We didn't just dip; we confirmed a Weekly CHoCH Bearish by losing $80,600. The floor is gone.
📉 THE BLUEPRINT: I am not guessing the bottom. I am trading the structure.
- THE "NO TOUCH" ZONE: Current Price (~$75k).
Buying here is providing exit liquidity for whales.
- THE "REAL" BUY ZONE: $74,457.
This is the Bullish Order Block. Institutions need to sweep the stops below the recent lows to fill their bags. No sweep = No entry.
- THE SHORT SETUP:
Any bounce to $85k - $90k is a gift. That is the new Supply Zone (Broken Trendline Retest).
🧠 MY VERDICT: In a trend this strong, Cash is a Position. Don't be a hero. Let the market prove it found a floor at $74k before you risk a cent.
Are you buying the RSI or respecting the Trend? 👇
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