It's also came at or near a long-term bottom.
If you're a long-biased trader looking for high-probability entries, this setup deserves your attention.
The weekly RSI just hit oversold territory — something that’s only happened 4 times in the last 10 years. Each of those times? It marked a major bottom or the start of a strong bullish trend.
We’re also bouncing near long-term horizontal support (~$420) and holding above a rising trendline that’s defined the bull market since 2018.
If price continues to hold this zone and RSI starts curling back up, I’ll be looking to go long.
Stop below $420. Reward-to-risk looks solid if momentum confirms.
Not calling the exact bottom — just positioning where the risk makes sense.
If you're a long-biased trader looking for high-probability entries, this setup deserves your attention.
The weekly RSI just hit oversold territory — something that’s only happened 4 times in the last 10 years. Each of those times? It marked a major bottom or the start of a strong bullish trend.
We’re also bouncing near long-term horizontal support (~$420) and holding above a rising trendline that’s defined the bull market since 2018.
If price continues to hold this zone and RSI starts curling back up, I’ll be looking to go long.
Stop below $420. Reward-to-risk looks solid if momentum confirms.
Not calling the exact bottom — just positioning where the risk makes sense.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。